Philadelphia Power of Attorney
This Philadelphia Power of Attorney ("Agreement") is made this day of 20th Day of January 2050, by and between [YOUR NAME], with a residence address at [YOUR ADDRESS] (the "Principal"), and [ATTORNEY-IN-FACT'S NAME], with an address at [ATTORNEY-IN-FACT'S ADDRESS] (the "Attorney-in-fact").
I. Appointment of Attorney-In-Fact
The Principal hereby appoints the Attorney-in-fact to act in all matters related to their legal and financial affairs within the jurisdiction of Philadelphia.
II. Powers Granted
The Attorney-in-fact is granted the following powers and responsibilities:
Financial Management: The Attorney-in-fact shall have the authority to manage the Principal's finances, including but not limited to banking transactions, paying bills, managing investments, and filing taxes within Philadelphia.
Real Estate Transactions: The Attorney-in-fact is authorized to buy, sell, lease, mortgage, or otherwise manage the Principal's real estate properties located within Philadelphia, including signing contracts and conducting negotiations.
Healthcare Decisions: The Attorney-in-fact shall make medical decisions on behalf of the Principal within Philadelphia, including consenting to medical treatments, accessing medical records, and communicating with healthcare providers.
Legal Representation: The Attorney-in-fact is empowered to represent the Principal in legal matters within Philadelphia, including signing legal documents, initiating legal proceedings, and engaging legal counsel on behalf of the Principal.
Business Affairs: The Attorney-in-fact shall manage the Principal's business interests within Philadelphia, including signing contracts, making business decisions, and representing the Principal in business transactions.
III. Effective Date and Termination
This Power of Attorney shall begin on the 20th Day of January 2050 and shall remain in effect until the 21st Day of February 2053 unless earlier revoked by the Principal or terminated by operation of law.
IV. Remedies and Penalties
In the event that the Attorney-in-fact breaches any of their duties or obligations under this Power of Attorney, the Principal or their legal representative reserves the right to seek appropriate remedies and penalties. Such remedies and penalties may include, but are not limited to:
Revocation of Power of Attorney: The Principal retains the right to revoke this Power of Attorney at any time if the Attorney-in-fact fails to fulfill their duties or acts against the best interests of the Principal.
Legal Action: The Principal or their legal representative may take legal action against the Attorney-in-fact to recover any damages incurred as a result of the breach of fiduciary duty.
Appointment of Replacement: If the Attorney-in-fact is found to be in breach of their duties, the Principal may appoint a replacement Attorney-in-fact to manage their affairs within the jurisdiction of Philadelphia.
Accountability: The Attorney-in-fact may be held accountable for any losses or damages caused by their actions or decisions while acting under this Power of Attorney.
Reporting to Authorities: In cases of serious misconduct or abuse of authority, the Principal or their legal representative may report the Attorney-in-fact to the appropriate authorities for further investigation and legal action.
The remedies and penalties outlined in this section are intended to protect the interests of the Principal and ensure accountability and compliance with the terms of this Power of Attorney.
V. Signature Section
In witness whereof, the Principal and the Attorney-in-fact have executed this Philadelphia Power of Attorney on the date first above written.
Principal:
[YOUR NAME]
[DATE SIGNED]
Attorney-in-fact:
[ATTORNEY-IN-FACT'S NAME]
[DATE SIGNED]
VI. Witness Acknowledgement
We, the undersigned witnesses, certify that the Principal and the Attorney-in-fact signed this Philadelphia Power of Attorney in our presence.
Witness 1:
[WITNESS 1 NAME]
[DATE SIGNED]
Witness 2:
[WITNESS 2 NAME]
[DATE SIGNED]
VII. Notary Acknowledgment
On this 20th Day of January 2050, before me, a Notary Public in and for said county and state personally appeared [YOUR NAME] and [ATTORNEY-IN-FACT'S NAME], known to me to be the persons whose names are subscribed to the foregoing 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:
Power of Attorney Templates @ Template.net
