Alabama Limited Power of Attorney
Alabama Limited Power of Attorney
I, [Your Name], residing at [Your Company Address], hereby grant this Alabama Limited Power of Attorney ("Power of Attorney") to [Agent's Full Name], residing at [Agent's Address], on this [Insert Date].
I. Introduction
This Alabama Limited Power of Attorney is executed under the laws of the State of Alabama, to appoint [Agent's Full Name] as my agent to act on my behalf in specific financial matters and with limited authority, as described herein.
II. Scope of Authority
The powers granted to my agent herein are limited to the following financial matters:
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Managing and accessing my bank accounts, including making deposits, withdrawals, and transfers.
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Paying bills and expenses on my behalf, including utilities, loans, and insurance premiums.
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Managing investments, including buying, selling, and exchanging securities, stocks, and bonds.
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Filing taxes and representing me before tax authorities.
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Conducting real estate transactions related to buying, selling, leasing, or mortgaging property on my behalf.
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Applying for loans, lines of credit, or other forms of financing.
III. Duration
This Power of Attorney shall remain in effect from the date of execution mentioned above until [Insert End Date] or unless sooner revoked by me in writing.
IV. Revocation
I reserve the right to revoke this Power of Attorney for Financial Matters at any time, by providing written notice to my agent. Such revocation shall be effective upon delivery of the written notice to the agent.
V. Reliance by Third Parties
Third parties may rely upon the representations of my agent as if such representations were made directly by me. However, third parties may request the agent to present this Power of Attorney or a copy thereof for verification.
VI. Governing Law
This Power of Attorney for Financial Matters shall be governed by and construed by the laws of the State of Alabama.
VII. Severability
If any provision of this Power of Attorney is held to be invalid or unenforceable, such provision shall be deemed severed from this document, and the remaining provisions shall continue to be valid and enforceable.
VIII. Entire Agreement
This Power of Attorney constitutes the entire agreement between the parties and supersedes any prior understandings or agreements, whether written or oral, relating to the subject matter herein.
IN WITNESS WHEREOF, I have executed this Alabama Limited Power of Attorney on the date first above written.
Principal:
[Your Name]
Agent:
[Agent's Full Name]
Witness Acknowledgement
We, the undersigned witnesses, certify that [Your Name] has signed this Alabama Limited Power of Attorney in our presence.
Witness 1:
[Witness 1 full name]
Witness 2:
[Witness 2 full name]
Notary Acknowledgement
On this [Insert Date], before me, a Notary Public, personally appeared [Your Name], known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public Name]
My Commission Expires: [Insert Date]
