A Texas limited power of attorney assigns specific financial or property-related duties to a trusted individual (the “agent”). It clearly defines and confines the scope of the agent’s responsibilities to certain tasks, ensuring clarity in the principal’s directives. It also remains effective for a specific period, ensuring the agent doesn’t act outside their designated timeframe.
It’s essential to make this document’s terms precise to prevent ambiguity about the principal’s intentions. This proactiveness ensures that all parties understand the agreement and legally uphold it until the principal revokes it, the agent meets specified conditions, or the agreement reaches its termination date.
Legal Considerations
Statute – Title 2, Chapter 157 (General Provisions Regarding Durable Powers of Attorney).
Authority – § 751.031 – An agent can act on the principal’s behalf if the form expressly grants the powers in question and the agent can exercise their authority without violating another instrument or agreement to which the property is subject.
Signing Requirements – § 751.0021(4) – Notary public.
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