California Power of Attorney For Minor Child
California Power of Attorney For Minor Child
I, [YOUR NAME], residing at [YOUR COMPANY ADDRESS], being of sound mind, do hereby appoint [AGENT'S NAME], residing at [AGENT'S ADDRESS], as my Attorney-in-Fact ("Agent").
POWERS OF THE AGENT
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Financial Management: The agent is authorized to manage all financial matters related to my minor child's welfare, including but not limited to:
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Accessing and managing bank accounts, savings, and investments held in the name of the minor child.
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Paying bills, expenses, and other financial obligations on behalf of the minor child.
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Making decisions regarding the use of funds for the child's benefit, such as educational expenses, healthcare needs, and extracurricular activities.
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Asset Management: The agent is empowered to oversee and manage any assets owned by my minor child, including:
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Real estate properties, if any, are held in the minor child's name.
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Personal property, valuables, and other assets belonging to the minor child.
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Legal Representation: The agent is authorized to represent the minor child in legal matters related to financial affairs, including:
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Signing documents, contracts, and agreements on behalf of the minor child, where necessary and appropriate.
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Engaging legal counsel and making legal decisions on behalf of the minor child, about financial matters.
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Financial Planning: The agent is permitted to engage in financial planning activities for the benefit of the minor child, such as:
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Establishing and managing trusts or other financial instruments for the child's future needs.
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Making investment decisions aimed at securing the child's financial well-being over the long term.
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Reporting and Accountability: The agent shall provide regular reports and accountings of all financial transactions and decisions made on behalf of the minor child to me, the parent/guardian, or any other designated party.
I understand that by granting this Power of Attorney, I am delegating significant authority to the Agent to act in the best interests of my minor child regarding financial matters. I trust the Agent to exercise this authority responsibly and follow the child's welfare.
EFFECTIVE DATE AND DURATION
This Power of Attorney shall become effective on [EFFECTIVE DATE] and shall continue until [ENDING DATE] unless otherwise terminated by me or by operation of law.
[YOUR NAME][Principal]
[DATE]
[AGENT'S NAME]
[DATE]
Witness Acknowledgement
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
[WITNESS NAME][WITNESS 1]
[DATE]
[WITNESS NAME][WITNESS 2]
[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 NAME]
[DATE]
