MARYLAND POWER OF ATTORNEY
I, [Your Name] (hereinafter referred to as the "Principal"), residing at [Your Company Address], hereby appoints [Attorney's Name] (hereinafter referred to as the "Attorney-in-Fact"), residing at [Attorney's Address], to act on their behalf as Attorney-in-Fact concerning all property-related matters within the State of Maryland.
I. SCOPE AUTHORITY
The Principal does hereby appoint the Agent as their true and lawful attorney-in-fact for the purposes, and with the powers, rights, and privileges hereinafter mentioned.
Appointment Authority
The Principal grants the Agent full authority to act on their behalf as their attorney-in-fact, with explicit powers delineated herein.
Powers and Rights
The Agent is vested with specific powers, rights, and privileges by the Principal for the purposes outlined in this agreement.
Legal Representation
Through this appointment, the Agent assumes the legal representation of the Principal, acting within the defined scope of authority.
II. EFFECTIVE DATE AND DURATION
This Power of Attorney will commence on [START DATE] and will remain in effect until [END DATE] unless it is revoked before that date.
III. REVOCATION CLAUSE
The Principal, at any point in time, holds the authority and the right to nullify, invalidate, or revoke this Power of Attorney (POA). The procedure by which the principal can execute this right of revocation is through the provision of a formal, written notice addressed directly to the Agent.
Authority to Revoke: The Principal maintains the exclusive authority to nullify, invalidate, or revoke this Power of Attorney (POA) at any given time.
Formal Procedure: To exercise the right of revocation, the Principal must provide a formal, written notice directly to the Agent.
Unilateral Decision: The revocation clause grants the Principal the unilateral power to terminate the POA without the requirement of the Agent's consent.
IV. SPECIFIC POWERS
The Principal grants to the Agent full power and authority to manage the following matters on the Principal’s behalf:
Management of bank accounts, investments, and financial assets.
Buying, selling, or managing real estate property on my behalf.
Accessing and managing my safe deposit boxes.
Making legal decisions and entering into contracts on my behalf.
Making healthcare decisions, including consent to medical treatment and access to medical records.
Filing taxes and managing my tax affairs.
Accessing and managing digital assets and online accounts.
V. INCAPACITY PROVISIONS
Should the Principal become physically or mentally incapacitated, the Agent's granted powers, rights, and privileges will remain fully effective and operational.
Incapacity Continuation: If the Principal experiences physical or mental incapacitation, the Agent's authority, rights, and privileges shall persist without interruption.
Uninterrupted Powers: Regardless of the Principal's physical or mental state, the Agent's granted powers shall maintain their full effectiveness and operation.
Agent's Authority: The Agent's rights and privileges endure even in the event of the Principal's incapacity, ensuring seamless continuity of decision-making and representation.
VI. GOVERNING LAW
This POA shall be construed and governed under the laws of the state of [STATE] and any applicable federal laws.
VII. MISCELLANEOUS PROVISIONS
This Power of Attorney is durable and shall not be affected by my subsequent incapacity or disability.
My Agent shall act in my best interests and shall be held accountable for any actions taken on my behalf.
Any third party who relies on the representations of my Agent shall be fully protected and indemnified for any actions taken in good faith reliance on this Power of Attorney.
This document may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.
VIII. ACCEPTANCE OF APPOINTMENT
Acknowledgment of Principal
This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.
[YOUR NAME]
[DATE]
Acceptance of Agent
I, [ATTORNEY'S NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
[ATTORNEY'S NAME]
[DATE]
NOTARY ACKNOWLEDGEMENT
On this day of in the year , before me, a Notary Public in and for said County and State, personally appeared [YOUR NAME], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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