Temporary Power of Attorney

Temporary Power of Attorney

I, [Your Name], residing at [Your Company Address], hereby appoint [Agent's Name], residing at [Agent's Address], as my lawful agent to act on my behalf for the purposes outlined herein.

I. Scope of Authority

The Agent is granted the authority to act on my behalf for the following purposes:

  1. Financial Management: The Agent is authorized to manage and conduct all financial transactions on my behalf, including but not limited to banking, investment, and tax matters. This authority extends to accessing, withdrawing, and depositing funds into designated accounts.

  2. Healthcare Decisions: The Agent is empowered to make healthcare decisions on my behalf in the event of my incapacity or inability to communicate my preferences. This includes consenting to or refusing medical treatments, accessing medical records, and communicating with healthcare providers.

  3. Property Management: The Agent is granted the authority to manage and oversee my real estate properties, including leasing, selling, purchasing, or making alterations, as deemed necessary during the specified period.

  4. Legal Representation: The Agent is authorized to represent me in legal matters, including initiating or defending legal actions, signing legal documents, and entering into contracts on my behalf within the defined scope of this Power of Attorney.

  5. Business Affairs: The Agent is permitted to conduct business activities on my behalf, including attending meetings, signing agreements, negotiating contracts, and managing day-to-day operations, as necessary.

II. Effective Date and Duration

This Power of Attorney shall become effective on [Start Date] and shall remain in effect until [End Date].

III. Agent's Duties and Responsibilities

The Agent shall diligently and faithfully execute the powers granted herein in the best interest of the Principal. Duties and responsibilities include but are not limited to:

  1. Acting by the instructions and wishes of the Principal to the best of their ability.

  2. Maintaining accurate records of all transactions and decisions made on behalf of the Principal.

  3. Providing regular updates and reports to the Principal regarding the exercise of authority granted under this Power of Attorney.

IV. Remedy and Penalty Clause

Any misuse or abuse of the authority granted under this Power of Attorney shall result in immediate revocation and may subject the Agent to legal action and liabilities.

V. Termination

This Power of Attorney may be terminated by:

  • Written revocation by the Principal.

  • Expiration of the specified duration.

  • Death or incapacitation of the Principal.

  • Completion of the specific purpose for which this Power of Attorney was granted.

VI. Governing Law

This Power of Attorney shall be governed by the laws of [State/Country].

IN WITNESS WHEREOF, the undersigned Principal and Agent have executed this Power of Attorney on [DATE].

Principal:

[Your Name]

Agent:

[Agent's Name]


WITNESS ACKNOWLEDGEMENT

I, the undersigned witness, hereby certify that the Principal and Agent appeared before me, signed, and acknowledged this Temporary Power of Attorney on the date written above.

Witness:

[WITNESS 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] and [Agent'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.

Witness my hand and official seal.

[NOTARY PUBLIC'S NAME]

My Commission Expires:                               

Power of Attorney Templates @ Template.net