New Maryland Power of Attorney
This Power of Attorney (the "POA") is made in the State of [STATE], as of [EFFECTIVE DATE], (the "Effective Date") by and between [YOUR NAME], of [YOUR COMPANY ADDRESS], hereinafter known as the "Principal", and [AGENT NAME], of [AGENT ADDRESS], hereinafter referred to as the "Agent".
I. Scope of Authority
The Agent is granted wide-ranging legal powers to act on behalf of the Principal, subject to conditions and restrictions as stipulated by Maryland State law.
The Principal hereby grants the Agent the authority to act on their behalf in all matters about the following areas:
Financial Matters: This includes, but is not limited to, banking transactions, real estate transactions, tax matters, and managing investments.
Healthcare Preferences: This encompasses making medical decisions, accessing medical records, and consenting to or refusing medical treatment.
Legal Transactions: This involves handling legal matters, such as signing contracts, initiating legal proceedings, and representing the Principal in legal matters.
II. Effective Date and Duration
This Agreement shall be effective as of the above-stated date and shall continue until [END DATE] or unless sooner terminated.
III. Revocation Clause
The Principal may revoke this Power of Attorney at any time by providing written notice to the Agent.
Revocation Rights: The Principal retains the authority to revoke this Power of Attorney by notifying the Agent in writing, thereby terminating the agent's authority to act on their behalf.
Written Notice Requirement: Revocation of the Power of Attorney must be communicated to the Agent through written notice, ensuring clarity and formality in the process of revocation.
Unilateral Termination: The Principal maintains the unilateral right to revoke the Power of Attorney, granting them control over the duration and extent of the agent's authority.
Immediate Effect: Upon receipt of the written notice of revocation, the Agent's authority ceases immediately, halting any further actions or decisions made on behalf of the Principal.
Legal Safeguard: The revocation clause serves as a legal safeguard, allowing the Principal to swiftly revoke the Power of Attorney if circumstances or preferences change, ensuring autonomy and control over their affairs.
IV. Specific Powers
The Principal empowers the Agent to manage matters about [SPECIFIC POWERS].
V. Incapacity Provisions
Should the Principal become incapacitated, this particular Agreement will continue its binding nature and effect, but strictly within the parameters allowed by the state law of Maryland.
VI. Governing Law
The stipulations and implications of this Agreement, including its interpretation and enforcement guidelines, shall be decided upon and put into effect under the policies, statutes, and legal norms defined by the judicial system of [STATE].
VII. Miscellaneous Provisions
Any provisions not addressed in this Agreement shall abide by the default rules according to Maryland state law.
Severability: If any provision of this Power of Attorney is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
Entire Agreement: This document constitutes the entire agreement between the Principal and the Agent concerning the subject matter herein.
Execution: This Power of Attorney may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute the same instrument.
IN WITNESS WHEREOF, the Principal has executed this Power of Attorney as of the Effective Date.
VIII. ACCEPTANCE OF APPOINTMENT
Acknowledgment of Grantor
This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.
[YOUR NAME]
[DATE]
Acceptance of Agent
I, [ATTORNEY'S NAME], acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
[ATTORNEY'S 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], 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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