Halifax Power of Attorney
I. Appointment of Attorney
I, [Your Name], who is currently residing at, [Your Address], by this document, wish to officially appoint and authorize the individual named [Agent's Name], who resides at, [Agent's Address], to be my attorney-in-fact. This appointment and authorization given to [Agent's Name], allows them to act in my stead, whenever required.
II. Scope of Authority
I grant my attorney-in-fact the authority to act on my behalf in all legal, financial, and healthcare matters, including but not limited to:
Managing Bank Accounts and Finances: This includes accessing, managing, and making transactions related to all bank accounts, investments, and financial assets owned by the principal.
Real Estate Transactions: Authority to buy, sell, rent, lease, mortgage, or otherwise manage real estate properties owned by the principal, including signing contracts and deeds.
Healthcare Decision Making: Permission to make medical treatment decisions on behalf of the principal, including choices regarding medical procedures, treatments, and healthcare providers, by the principal's wishes and best interests.
Legal Representation: Power to represent the principal in legal matters, including initiating or defending lawsuits, attending court proceedings, and signing legal documents such as contracts, agreements, and affidavits.
Tax Matters: Authority to prepare, sign, and file tax returns and related documents on behalf of the principal, as well as handling communication with tax authorities and resolving tax issues.
Insurance Management: Ability to manage insurance policies owned by the principal, including purchasing, renewing, canceling, and making claims under policies for property, health, life, or other types of insurance.
Retirement and Pension Affairs: Authority to manage retirement accounts, pensions, annuities, and other retirement benefits on behalf of the principal, including making contributions, withdrawals, and investment decisions.
Business Operations: Permission to manage business interests, including ownership, investments, partnerships, or other business entities owned by the principal, including making decisions, signing contracts, and conducting transactions.
Debt Management: Power to manage and negotiate debts, loans, mortgages, and credit arrangements on behalf of the principal, including making payments, refinancing, and negotiating settlements with creditors.
Estate Planning: Authority to engage in estate planning activities on behalf of the principal, including creating or amending wills, trusts, powers of attorney, and other estate planning documents, as well as making decisions related to inheritance and legacy planning.
III. Duration
This Power of Attorney, established to delegate my authority, is designed to be non-durable. As such, its validity and enforceability are subject to termination in the event of my becoming incapacitated. Regardless of these conditions, this Power of Attorney is to remain in full effect. This state of effect shall persist until such a time as I decide to revoke it. In the situation that I choose to repeal this Power of Attorney, such withdrawal must be explicitly articulated through a written declaration.
IV. Specific Instructions or Limitations
My attorney-in-fact is specifically instructed to adhere to the following limitations and instructions:
Financial Transactions Limitation: The attorney-in-fact is authorized to manage bank accounts and financial assets but is prohibited from making speculative investments or engaging in high-risk financial ventures without prior consultation with a Certified Financial Planner.
Real Estate Transactions: While the attorney-in-fact is authorized to handle real estate matters, they are instructed to consult with the principal's sister, and real estate attorney before finalizing any significant real estate transactions, such as buying or selling properties valued over $500,000.
Healthcare Decision Making: In making healthcare decisions, the attorney-in-fact must prioritize the principal's preferences and quality of life, consulting with the principal's primary care physician for guidance if necessary.
Legal Representation: The attorney-in-fact is authorized to handle routine legal matters but must seek legal advice from the principal's longtime attorney for any complex legal issues or litigation matters.
Communication: The attorney-in-fact is instructed to keep regular communication with the principal's daughter to provide updates on all actions taken on behalf of the principal.
Expense Tracking: The attorney-in-fact is required to diligently record all financial transactions and expenditures made on behalf of the principal in a dedicated ledger or electronic accounting system. Quarterly, detailed reports summarizing these expenses, including dates, amounts, and purposes, must be provided to the CPA, the principal's financial advisor.
Conflicts of Interest: The attorney-in-fact must avoid any conflicts of interest and act solely in the best interests of the principal, disclosing any potential conflicts to the principal's attorney immediately.
End-of-Life Decisions: In the event of terminal illness or irreversible incapacitation, the attorney-in-fact is instructed to prioritize the principal's comfort and dignity, following any advanced directives or wishes expressed by the principal regarding end-of-life care.
V. Revocation Clause
I reserve the right to revoke this Power of Attorney at any time by providing written notice to my attorney-in-fact and any relevant institutions or parties. Additionally, this Power of Attorney shall be automatically revoked upon my death.
In witness whereof, I have hereunto set my hand and seal this [Date].
Principal:
[YOUR NAME]
Agent:
[AGENT'S NAME]
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, do hereby affirm that on [DATE], we witnessed the signing of this Power of Attorney by [Your Name].
[WITNESS 1 NAME]
[DATE]
[WITNESS 2 NAME]
[DATE]
NOTARY ACKNOWLEDGEMENT
State of [STATE], County of [COUNTY].
On [DATE], before me, [NOTARY NAME], a Notary Public in and for the said 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.
In witness whereof, I hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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