Power of Attorney For Married Couples
Power of Attorney for Married Couples
This document is made on this day [DATE], by and between [Spouse 1 Name] and [Spouse 2 Name], both with a residential address of [RESIDENTIAL ADDRESS].
I. DECLARATION
By this document,[Spouse 1 Name] appoints [Spouse 2 Name] as their lawful attorney-in-fact, to make decisions and act on their behalf in case of incapacitation or unavailability. Likewise, [Spouse 2 Name] appoints [Spouse 1 Name] as their lawful attorney-in-fact to act in their stead if necessary.
II. POWERS GRANTED
1. Financial Matters
This includes a wide array of financial activities such as banking transactions encompassing deposits, withdrawals, and transfers, as well as loans which can encompass everything from personal loans to mortgage loans. It also includes various types of investments like stocks, bonds, or mutual funds. In addition, it covers the sale or purchase of real property, encompassing all aspects of the real estate acquisition process from the negotiation of the contract to the closing of the sale. Lastly, it encompasses the preparation of tax returns, including gathering pertinent information, filling out tax forms, and submitting them to the appropriate tax authorities. However, it should be noted that these are merely examples and other activities also fall within its ambit.
2. Healthcare Decisions
The individual who has been designated as the attorney-in-fact holds the authority to make a range of decisions that encompass areas such as medical treatment for the principal. This can include making the choices about the type and extent of medical treatment necessary, deciding about the surgeries that may be required, and determining the kind of care that should be given towards the end of the principal's life.
3. Legal Affairs
The person possesses the entitlement, or right, to represent the principal, or main party, in any legal proceedings such as those in court. They also have the authority to represent this principal in conversations or discussions with other authorities, such as law enforcement or regulatory bodies. Furthermore, they may carry out representation duties in all other aspects of legal affairs pertaining to the principal.
III. Duration
This Power of Attorney shall remain in effect until [EXPIRATION DATE] unless revoked earlier by both parties in writing.
IV. Signature Section:
IN WITNESS WHEREOF, I have executed this Married Couple Power of Attorney on [DATE].
[Spouse 1 Name]
[Spouse 2 Name]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, attest that [Spouse 1 Name] and [Spouse 2 Name] signed this Power of Attorney in our presence and that they appeared to be of sound mind and acting willingly.
[WITNESS 1 FULL NAME]
[DATE]
[WITNESS 2 FULL NAME]
[DATE]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared before me [Spouse 1 Name], and [Spouse 2 Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
