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It is a financial durable power of attorney this means that it only allows the agent to handle financial matters. With this much responsibility and authority over your financial affairs it is vital that you carefully. There are also special forms referred to as durable that allow the document to remain effective even if the. Durable power of attorney act it clearly states that an adult resident of texas may designate another person as his attorney in fact or agent to perform certain actions or to make decisions on behalf of the principal.

Statutory durable power of attorney 09 1 2017 page 1 of 6 statutory durable power of attorney notice. The decisions they make would be binding as if you had made the decisions yourself. It does not permit the agent to make decisions about the principal s health care. Principal s signature must be acknowledged by a notary public.

It will also continue to be in effect if you become incapacitated unless you revoke it before. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts. Adobe pdf ms word docx opendocument signing requirement 751 0021. The powers are durable which means the form remains valid even if the principal should become mentally incompetent.

A durable power of attorney allows you to handle another person s financial decisions on their behalf all decisions made must be to the benefit of the person being represented. Texans can dial 2 1 1 option 6 for information on covid 19 and local resources on health care utilities food housing and more. The powers granted by this document are broad and sweeping. The texas durable financial power of attorney also known as the statutory form can be used to designate powers to another person for monetary reasons that are broad and sweeping this particular document remains effective for financial use even if the principal should be in a position where they cannot think for themselves.

They are explained in the durable power of attorney act subtitle p title 2 estates code. Texas s statutory form of durable power of attorney is found in section 752 051 of the texas estates code. Durable financial power of attorney this is a type that confers broad financial powers on your chosen representative. The texas power of attorney is defined in the texas statutes chapter xii.

Free printable durable financial power of attorney forms. Texas power of attorney forms. If you have any questions about these powers obtain competent legal advice. Find a testing site.

Texas durable statutory power of attorney form can be used to designate another person usually called an agent s or an attorney s in fact to represent your monetary interests and act on your behalf.

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