California Statutory Power of Attorney
I. Identification of Parties:
This Power of Attorney ("POA") is made on [Date], between [Your Name], referred to as the "Principal," and [Agent's Name], referred to as the "Agent."
II. Scope Authority
The Principal, through this document, is formally providing the Agent with the necessary authorization to represent them and take action on their behalf about all legal and financial matters that have been outlined and specified within this stipulation.
III. Effective Date and Duration
The Power of Attorney that is being discussed will become effective instantly the moment it has been executed. Once in effect, it will continue to exert its full force and will remain this way until the person who is the Principal decides to terminate it. Additionally, another condition that would result in the termination of the Power of Attorney would be the happening of the Principal's death.
IV. Revocation Clause
The individual acting as the Principal maintains the ability to cancel, or revoke, this Power of Attorney whenever they see fit or feel the need to do so. However, to make such a cancellation or revocation valid and binding, they must provide notice in written form to the individual or entity acting as the Agent.
V. Specific Powers
The Agent is authorized to perform the following specific powers:
Manage and control the Principal's bank accounts, investments, and other financial assets.
Enter into contracts and agreements on behalf of the Principal.
Buy, sell, or otherwise manage real estate owned by the Principal.
Make healthcare decisions on behalf of the Principal.
Access and manage digital assets and accounts of the Principal.
VI. Incapacity Provisions
If the Principal suffers such incapacitation or somehow becomes unable to make decisions, the validity of this Power of Attorney will remain untouched. This condition will hold unless under circumstances where the Principal him/herself revokes this Power of Attorney intentionally, or until such time that it's invalidated due to the effect of a regulation, rule, or legal procedure, as stipulated under the relevant governing law.
VII. Governing Law
This Power of Attorney is subject to the guiding influence of and will be interpreted based on the prevalent laws in place within the jurisdiction of the State of California.
VIII. Miscellaneous Provisions
Should there be any changes or amendments necessary for this Power of Attorney, those alterations must be formally written out and appropriately executed. This execution of any alterations must be done by both the Principal and the Agent, thus ensuring their mutual agreement and understanding of the changes made to the previously established Power of Attorney agreement.
IX. Agent’s Acceptance
I, [Agent's Name], accept the responsibilities and authorities granted to me under this Power of Attorney and agree to act in the best interests of the Principal.
Principal:
[YOUR NAME]
Agent:
[AGENT'S NAME]
Witness Acknowledgement
We, the undersigned witnesses, affirm that the parties signing this California Power Of Attorney appeared before us, declared that they understood the contents of the document, and signed it willingly in our presence.
Witness 1:
[WITNESS 1 FULL NAME]
[DATE]
Witness 2:
[WITNESS 2 FULL NAME]
[DATE]
Notary Acknowledgement
On this _____ day of _____ before me, a Notary Public in and for said state, personally appeared [Your Name], known to me (or satisfactorily proven) to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she 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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