Iowa Statutory Power of Attorney
I. PURPOSE
This Power of Attorney is created to authorize the agent to handle financial matters and make decisions on behalf of the principal, as specified herein.
II. Appointment and Authority of Agent
I, [Your Name], residing at [Your Company Address], being of sound mind and understanding the importance of entrusting someone to manage my financial affairs, do hereby appoint [Agent's Full Name], residing at [Agent's Address], as my attorney-in-fact (hereinafter referred to as "Agent") to act on my behalf under the powers and responsibilities outlined herein.
III. ROLES AND RESPONSIBILITIES
BILL PAYMENT: The Agent shall have the authority to pay bills and financial obligations on my behalf, including but not limited to utility bills, mortgage payments, insurance premiums, and other recurring expenses.
INVESTMENT MANAGEMENT:
The Agent shall have the authority to manage my investments, including buying, selling, and trading stocks, bonds, mutual funds, and other securities.
FINANCIAL DECISIONS: The Agent shall have the authority to make financial decisions on my behalf, including opening and closing bank accounts, applying for loans or lines of credit, and executing financial contracts or agreements as necessary.
TAX MATTERS: The Agent shall have the authority to prepare and file tax returns on my behalf, including income tax returns, property tax returns, and any other tax-related documents required by federal, state, or local authorities.
RECORD KEEPING: The Agent shall maintain accurate and detailed records of all financial transactions and decisions made on my behalf. The Agent shall provide periodic reports of all transactions and decisions to myself or my designated representatives upon request.
IV. REVOCATION
I reserve the right to revoke this Power of Attorney at any time, provided I am of sound mind and capable of understanding the consequences of such revocation. Any revocation must be made in writing and delivered to the Agent and any relevant financial institutions or third parties.
V. SIGNATURE SECTION
In witness whereof, I have signed this Power of Attorney on [Date].
Agreed and signed by [Your Name], the Principal.
[DATE]
[AGENT'S NAME]
[DATE]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, certify that the principal, [Your Name], signed this Power of Attorney in our presence on the date stated above.
Witness 1:
[WITNESS 1 FULL NAME]
[DATE]
Witness 2:
[WITNESS 2 FULL NAME]
[DATE]
NOTARY ACKNOWLEDGEMENT
State of Iowa
County of [County Name]
On this day of , 20, 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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