Texas General (Financial) Power of Attorney
A Texas General (Financial) Power of Attorney Form is a comprehensive legal document that enables an individual (the principal) to confer extensive authority to another person (the agent) for the management of financial matters and assets on the principal's behalf. It is important to note that these powers will automatically terminate if the principal is deemed incompetent.
Signing Requirements
Laws
Durable - A power of attorney document is durable if it contains the words: "This power of attorney is not affected by subsequent disability or incapacity of the principal"; or "This power of attorney becomes effective on the disability or incapacity of the principal"; or similar words that clearly indicates the principal's intention that the power of attorney will be durable. <a class="source-url" href="#source-url1">[1]</a>
Incapacity - Unless otherwise defined by a durable power of attorney, an individual is considered "disabled" or "incapacitated" (for purposes of the durable power of attorney) if a physician certifies in writing that the individual is determined to be mentally incapable of managing their financial affairs.<a class="source-url" href="#source-url2">[2]</a>
Signing Requirements - The principal must have their signature notarized.<a class="source-url" href="#source-url3">[3]</a>
Sources
Notice
The Significance of POA
