MARYLAND STATUTORY POWER OF ATTORNEY
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Full Name], residing at [Agent's Address], as my Attorney-in-Fact ("Agent") to act in my capacity to do all of the following:
I. Powers Granted to Agent
Financial Transactions:
My Agent shall have the authority to handle all my financial matters, including but not limited to, opening and closing bank accounts, withdrawing, depositing, or transferring funds, and managing my investments.
Real Estate Affairs:
My Agent is authorized to buy, sell, lease, rent, manage, and otherwise deal with any real estate properties that I currently hold or may acquire in the future, including signing all documents required for such transactions.
Personal and Family Maintenance:
My Agent has the power to make decisions regarding the maintenance and support of myself and my dependents, including making arrangements for housing, transportation, and personal care.
Legal Affairs:
My Agent can represent me in all legal matters, including the power to hire or fire legal representation, file or defend legal actions on my behalf, and settle any claims either in court or outside it.
Tax Matters:
My Agent is granted the authority to prepare, sign, and file federal, state, and local tax returns on my behalf, and to make arrangements for the payment or settlement of taxes, penalties, or interest as necessary.
II. Effective Period and Termination
This Power of Attorney shall become effective immediately and shall remain in effect until it is revoked by me in writing or upon my death, whichever occurs first. This document is subject to the laws of the State of Maryland, and any dispute arising from its terms shall be adjudicated accordingly.
III. Revocation
This Power of Attorney is revocable by me at any time by providing written notice to the Agent. Upon revocation, all authority granted to the Agent herein is immediately terminated and shall cease to be effective.
IV. Signatures
IN WITNESS WHEREOF, I have executed this Power of Attorney on this day of [Date], [Year].
Principal:
[Your Name]
Agent:
[AGENT'S NAME]
Witness Acknowledgement
I, [Witness Name], residing at [Witness Address], declare that [Your Name], known to me to be the individual described in and who executed the foregoing instrument, appeared before me and acknowledged that they executed the same as their free act and deed.
Witness:
[WITNESS NAME]
Notary Acknowledgement
On this day of , [Year], before me, a Notary Public, personally appeared [Your Name] and [Agent's Full Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained.
In Witness Whereof, I have hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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