Free Successor Agent Power of Attorney Template
Successor Agent Power of Attorney
THIS POWER OF ATTORNEY (“POA”) is made this [DATE], by and between [YOUR NAME], having a mailing address at [YOUR ADDRESS] , referred to as the “Principal,” and [SUCCESSOR AGENT'S NAME], having a mailing address at [SUCCESSOR AGENT'S ADDRESS], referred to as the “Successor Agent.”
I. APPOINTMENT OF SUCCESSOR AGENT
The Principal hereby revokes any previous powers of attorney and appoints [SUCCESSOR AGENT'S NAME], as the Principal’s true and lawful attorney-in-fact and agent, to act on the Principal's behalf if the primary agent, is unable or unwilling to carry out their duties.
II. POWERS OF THE SUCCESSOR AGENT
The Successor Agent is authorized to do and has absolute and discretionary power and authority to perform, every act necessary, proper, advisable or convenient for the effective exercise of the powers herein granted.
III. Roles and Responsibilities of Successor Agent:
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Acting in the Absence of the Primary Agent: The Successor Agent is authorized to assume all powers and responsibilities granted to the primary agent in the original Power of Attorney if the primary agent is unable or unwilling to act.
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Ensuring Continuity: The Successor Agent shall ensure continuity in the management of the Principal's affairs by promptly stepping in to perform the duties outlined in the original Power of Attorney.
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Decision-Making Authority: The Successor Agent has the authority to make decisions on behalf of the Principal consistent with the powers granted in the original Power of Attorney.
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Communication: The Successor Agent shall communicate with relevant parties, including financial institutions, healthcare providers, and legal entities, as necessary to carry out their duties.
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Accountability: The Successor Agent shall keep accurate records of all actions taken on behalf of the Principal and provide an account of their activities upon request.
III. Duration
This Power of Attorney will continue to stay in effect continuously, without any specified ending date, provided that there are no written instructions to revoke it from the individual who is referred to as the "Principal".
IV. GOVERNING LAW
This Power of Attorney will be governed by and construed in accordance with the laws of the state of [STATE].
V. Signature Section:
IN WITNESS WHEREOF, I have executed this Insurance Power of Attorney on [DATE].
[YOUR NAME] (Principal)
ACCEPTANCE OF THE SUCCESSOR AGENT
I, [SUCCESSOR AGENT NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
[SUCCESSOR AGENT'S NAME]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, attest that the Principal and Agent 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 [YOUR NAME], known to me to be the person whose name is 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:
