Dual Power of Attorney
I, [Your Name], residing at [Your Company Address], hereby appoint [Agent 1's Name], residing at [Agent 1's Address], and [Agent 2's Name], residing at [Agent 2's Address], to act as my attorneys-in-fact or agents simultaneously. Both individuals shall have equal authority and are hereby authorized to make decisions and take actions on my behalf as provided in this Power of Attorney.
I. Scope of Authority
The agents shall have broad authority to manage and conduct all affairs on my behalf, including but not limited to financial, healthcare, legal, and property matters. This authority extends to any actions necessary or desirable to fulfill their duties under this Power of Attorney.
II. Effective Date and Duration
This Power of Attorney shall become effective immediately upon my signature and shall remain in full force and effect until revoked by me in writing or upon my death.
III. Agent's Duties and Responsibilities
Financial Management: The agents shall manage my financial affairs, including but not limited to banking transactions, investment decisions, bill payments, tax matters, and any other financial obligations that may arise.
Healthcare Decision Making: The agents are authorized to make healthcare decisions on my behalf, including consenting to or refusing medical treatment, accessing medical records, and communicating with healthcare providers.
Legal Representation: The agents shall represent me in all legal matters, including litigation, negotiations, contracts, and other legal proceedings. They may retain legal counsel and sign legal documents as necessary.
Property Management: The agents shall manage and oversee all matters related to my real and personal property, including buying, selling, leasing, renting, or otherwise dealing with property transactions.
General Authority: The agents are granted the authority to take any other actions necessary or desirable to fulfill their duties under this Power of Attorney, acting in my best interests at all times.
IV. Revocation Clause
I reserve the right to revoke this Power of Attorney at any time by providing written notice to the agents. Any actions taken by the agents before receiving notice of revocation shall remain valid and binding.
V. Specific Powers
In addition to the general authority granted above, the agents are specifically authorized to:
Access and manage my bank accounts, investment accounts, and other financial assets.
Make decisions regarding my medical treatment, including consent to or refusal of treatment.
Enter into contracts, agreements, and transactions on my behalf.
Manage and dispose of my real and personal property as they deem necessary.
VI. Remedy and Penalty Clause
Any third party who receives a copy of this Power of Attorney may rely upon it and act upon the instructions of the agents. Any person who acts in good faith reliance on the authority granted to the agents shall not be liable to me or my estate for any actions taken under such authority.
VII. Termination
This Power of Attorney shall automatically terminate upon my death. Additionally, I may terminate this Power of Attorney at any time by providing written notice to the agents.
VIII. Governing Law
This Power of Attorney shall be governed by and construed 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’s Acceptance
We, [Agent 1's Name] and [Agent 2's Name], hereby accept the appointment as agents under this Dual Power of Attorney. We understand the duties and responsibilities entrusted to us and agree to act in the best interests of the principal, [Your Name], at all times.
Agent 1:
[Agent 1's Name]
[Date]
Agent 2:
[Agent 2's Name]
[Date]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby acknowledge that the principal signed or acknowledged this Power of Attorney in our presence and appeared to be of sound mind and under no duress at the time of execution.
Witness 1:
[WITNESS 1 NAME]
[DATE]
Witness 2:
[WITNESS 2 NAME]
[DATE]
NOTARY ACKNOWLEDGEMENT
On this, day of in the year , before me, a Notary Public in and for the 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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