Oklahoma Statutory Power of Attorney
Oklahoma Statutory Power of Attorney
I, [Your Name], residing at [Your Address], hereby appoint [Agent's Name], residing at [Agent's Address], as my attorney-in-fact to act on my behalf in all matters related to the management of my finances and assets, to the extent permitted by law.
I.AUTHORITY
I grant my attorney-in-fact full authority and power to manage, control, and make decisions regarding all aspects of my financial affairs, including but not limited to:
a. Performing banking and financial transactions, which include actions such as the deposit of funds, the withdrawal of money, and the transfer of funds from one account to another.
b. The responsibility of taking care of the payment of bills, fulfilling tax obligations, and managing other financial commitments.
c. The process of managing investments involves various activities including the purchase of securities, the selling of these securities, as well as engaging in trading of these aforementioned securities.
d. Transactions that take place in the realm of real estate, which consists of processes such as purchasing property, putting the property up for sale, leasing out the property to tenants, and securing mortgages on the property.
e. The process involves accessing safe deposit boxes and subsequently retrieving the contents that are stored within them.
f. The process of organizing and submitting my required tax return documents, coupled with the action of standing in for me and communicating on my behalf in front of tax authorities.
g. When it comes to matters concerning insurance policies, one often has to make decisions, this would include things such as purchasing a policy, canceling an existing one, or modifying the coverage that you currently have.
h. I grant permission for the access and management of any pension plans, retirement accounts, or other benefits that I may have, and these actions may be performed on my behalf.
II. LIMITATIONS
This Power of Attorney shall remain in effect indefinitely unless revoked by me in writing. However, I specifically limit the following actions by my attorney-in-fact:
a. The individual is authorized to make gifts or transfers of my property or assets, however, such actions should only be done when it is essential for the provision of my care, support, or for the settlement of any obligations that I may have.
b. The individual must make decisions about medical or healthcare matters. However, this responsibility should be exercised based on the stipulations of a separate document. Said document may take the form of a healthcare directive or a healthcare power of attorney.
c. The individual is forbidden to engage in any transactions or activities that could result in a conflict of interest with my best interest. Those actions would be in direct violation of their duty to act in my best interest.
III. RELIANCE
Any third party who receives a copy of this Power of Attorney may rely upon it as if it were an original document. No third party shall be required to inquire into the authority or actions of my attorney-in-fact.
IV. TERMINATION
This Power of Attorney shall terminate upon my death, incapacity, or revocation. I reserve the right to revoke this Power of Attorney at any time by providing written notice to my attorney-in-fact and any relevant financial institutions or entities.
Principal:
[Your Name]
Agent:
[Agent's Name]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, certify that [Your Name] and [Agent's Name] have signed this Oklahoma Statutory Power of Attorney in our presence, and we believe them to be of sound mind and acting of their own free will.
Witness 1:
[Witness 1 full name]
[Date]
Witness 2:
[Witness 2 full name]
[Date]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for the State of Oklahoma, 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:
