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Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the person granting another person to act on their behalf using a power of attorney?

The individual authorizing another to act on his/her behalf is called the principal or grantor of the POA. The individual authorized to act on the principals behalf is referred to as the agent or attorney.

How do I revoke a durable power of attorney in Texas?

Prepare a written revocation statement with the agents name and the date you made the power of attorney you wish to revoke. Sign the revocation before a notary. You can hand-deliver a copy to your agent or send it by certified mail to prove it was received.

What authorizes your agent to act on your behalf in specific situations only?

A special power of attorney allows a person (the principal) to authorize another individual (the agent) to make legal decisions on their behalf. The agent can act on behalf of the principal only under specific, clearly defined circumstances.

What is a person who is authorized to make a decision on behalf of another person who is incapacitated called?

Proxy: a designated individual legally empowered to make decisions related to the health care of an individual (the declarant) in the event that he or she is unable to do so; also known as agent and surrogate.

What is the power of revocation?

A gift that is subject to a power of revocation means that the person making the gift has reserved the right to revoke the gift. No Capital Acquisitions Tax (CAT) is due in this situation.

What are legal documents providing authorization to act on someone elses behalf?

A power of attorney gives one or more persons the power to act on your behalf as your agent. The power may be limited to a particular activity, such as closing the sale of your home, or be general in its application. The power may give temporary or permanent authority to act on your behalf.

How do I revoke a power of attorney in NY?

A principal may revoke a power of attorney: (a) in ance with the terms of the power of attorney; or (b) by delivering a revocation of the power of attorney to the agent in person or by sending a signed and dated revocation by mail, courier, electronic transmission or facsimile to the agents last known address.

Can authorise your agent to act on your behalf in a variety of different situations?

General power of attorney With a general power of attorney, you authorize your agent to act for you in all situations allowed by local law. This includes legal, financial, health, and business matters. General POAs can be durable or non-durable, depending on your preferences.

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