Philippines Power of Attorney
Philippines Power of Attorney
I, [Your Name], residing at [Your Address] being of sound mind and lawful age, do hereby appoint [Agent's Name] residing at [Agent's Address], my true and lawful attorney-in-fact, to manage and transact all of my business in the Philippines.
Purpose
This Power of Attorney is designed to empower the appointed agent to manage the principal's finances, including banking transactions, investments, and property management, within the jurisdiction of the Philippines.
Roles and Responsibilities
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Financial Management: The agent shall have the authority to manage and oversee all financial matters on behalf of the principal. This includes but is not limited to, accessing bank accounts, conducting transactions, paying bills, and managing investments.
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Banking Transactions: The agent is authorized to conduct banking transactions on behalf of the principal, including depositing funds, withdrawing funds, and transferring funds between accounts.
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Investment Management: The agent shall have the authority to make investment decisions on behalf of the principal. This includes buying, selling, and managing investments such as stocks, bonds, mutual funds, and real estate properties.
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Property Management: The agent is empowered to manage the principal's real estate properties. This includes renting, leasing, selling, and purchasing properties, as well as handling property-related paperwork and contracts.
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Legal and Administrative Duties: The agent shall perform any necessary legal and administrative duties related to the management of the principal's finances and properties. This may include representing the principal in legal proceedings, signing contracts, and handling tax matters.
Signature
In witness whereof, the undersigned parties have executed this Power of Attorney on this [date] day of [month], [year].
[Your Name]
[Date Signed]
[Agent's Name]
[Date Signed]
Effective Period
This Power of Attorney shall be effective from the date of execution until [End Date] unless it is revoked or terminated earlier.
Revocation
I reserve the right to revoke this Power of Attorney at any time, at my sole discretion.
Witness Acknowledgement
We, the undersigned witnesses, hereby acknowledge that the principal has signed this Power of Attorney in our presence and that we believe them to be of sound mind and under no duress.
Witness 1:
[Witness 1: Full Name]
[Date Signed]
Witness 2:
[Witness 2: Full Name]
[Date Signed]
Notary Acknowledgement
State of Philippines City/Province of [insert city/province]
On this [date] day of [month], [year], before me, a Notary Public, personally appeared [Your Name] and [Agent's Name], known to me to be the same persons whose names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same as their free and voluntary act and deed, for the purposes therein contained.
Witness my hand and official seal:
[Notary Public's Name]
