Philippines Special Power of Attorney
I. Appointment of Agent
This Special Power of Attorney is made on [Date], by [YOUR NAME], of legal age, Filipino citizen, with residence at [Your Address], referred to as the "Principal", and appoints [Agent's Name], of legal age, Filipino citizen, with residence at [ Agent's Address], referred to as the "Attorney-in-Fact".
II. Purpose:
This Special Power of Attorney is created to grant specific powers to the Attorney-in-Fact to act on behalf of the Principal in certain specified matters, as outlined within this document.
III. Roles and Responsibilities Grant to Agent:
The Agent is granted full power and authority to handle a spectrum of responsibilities during my absence, including but not limited to:
Real Estate Transactions: The Attorney-in-Fact is authorized to buy, sell, mortgage, lease, or otherwise manage real estate properties owned by the Principal, including signing and executing all necessary documents and contracts related to such transactions.
Financial Matters: The Attorney-in-Fact is empowered to manage the Principal's bank accounts, investments, and financial assets, including making deposits, withdrawals, investments, and payments on behalf of the principal.
Legal Proceedings: The Attorney-in-Fact is granted the authority to represent the Principal in legal proceedings, including attending hearings, submitting documents, and engaging legal counsel, as necessary.
Business Operations: The Attorney-in-Fact may act on behalf of the Principal in managing business affairs, including signing contracts, entering into agreements, and making decisions related to the operation of the Principal's businesses.
Healthcare Decisions: In the event of the Principal's incapacity, the Attorney-in-Fact is authorized to make healthcare decisions on behalf of the Principal, including consenting to medical treatment, accessing medical records, and communicating with healthcare providers.
IV. TERM
This Power of Attorney shall become effective on the date signed and executed and will remain in effect until [END DATE], or until it is revoked by the Principal.
V. Governing Law
The laws of the Republic of the Philippines shall govern this Special Power of Attorney, and any disputes arising from its interpretation or implementation shall be resolved by Philippine law.
VI. Duration:
This Power of Attorney may be revoked at any time by the Principal by delivering a written notice to the Attorney-in-Fact. The revocation will be effective on the date [REVOCATION DATE].
VII. Signatures
IN WITNESS WHEREOF, I have executed this Insurance Power of Attorney on [DATE].
[YOUR NAME] (Principal)
ACCEPTANCE OF THE AGENT
I, [AGENT 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.
[AGENT'S NAME] (Attorney-in-fact)
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, attest that the Principal and Agent signed this Power of Attorney in our presence and that they appeared to be of sound mind and acting willingly.
[WITNESS 1 FULL NAME]
[DATE]
[WITNESS 2 FULL 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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