Addendum To Power of Attorney
I, [YOUR NAME], residing at [YOUR COMPANY ADDRESS] in the state of [STATE], county of [COUNTY], hereby appoint [AGENT NAME], residing at [AGENT ADDRESS] as my Attorney-in-Fact.
This power of attorney will be effective on the date of [EFFECTIVE DATE].
I. Authority of the Agent
My Agent shall have the power to act on my behalf in all matters, including, but not limited to the following:
Financial Transactions: My Agent is authorized to conduct financial transactions on my behalf, including but not limited to banking, investment, and property transactions. This includes the authority to open, close, and manage bank accounts, invest funds, purchase or sell securities, and manage real estate properties.
Healthcare Decisions: My Agent is empowered to make healthcare decisions on my behalf following any advance directives or medical power of attorney documents I may have in place. This authority extends to consenting to or refusing medical treatment, accessing medical records, and making decisions regarding long-term care or end-of-life care.
Legal Matters: My Agent is authorized to represent me in legal matters, including but not limited to signing legal documents, entering into contracts, and resolving disputes. This authority encompasses any legal action necessary to protect my interests, including the retention of legal counsel on my behalf.
Property Management: My Agent has the authority to manage and maintain my real and personal property, including the ability to buy, sell, lease, or otherwise dispose of property as deemed necessary or appropriate.
Governmental Affairs: My Agent is permitted to interact with governmental agencies and officials on my behalf, including but not limited to filing tax returns, applying for government benefits, and representing me in administrative proceedings.
Business Operations: My Agent is authorized to conduct business operations on my behalf, including the management of business interests, negotiation of contracts, and representation in business dealings.
Digital Assets: My Agent has the authority to manage my digital assets, including but not limited to online accounts, social media profiles, and digital files. This includes the ability to access, modify, transfer, or delete digital assets as necessary.
Miscellaneous Matters: My Agent is empowered to act on my behalf in any other matters not explicitly outlined above but deemed necessary or appropriate in fulfilling their duties as my representative.
II. Compensation
In return for acting on my behalf, my Agent will be compensated in the manner detailed as follows:
Hourly Rate or Flat Fee: Compensation will be based on an agreed-upon hourly rate or flat fee for tasks performed.
Reimbursement: Reasonable expenses incurred in fulfilling duties will be reimbursed.
Other Benefits: Additional benefits may be provided as mutually agreed.
Review and Adjustment: Compensation terms will be periodically reviewed and adjusted if necessary.
Method of Payment: Payment will be made via agreed-upon method.
Tax Responsibility: Both parties agree to comply with tax laws regarding compensation.
Termination: Compensation ceases upon termination of this agreement.
III. Termination
This Power of Attorney will terminate on [TERMINATION DATE] unless I revoke it sooner.
IV. Acceptance and Affirmation
I, [YOUR NAME], have read and understood the above provisions and affirm them as my free act and deed.
In witness whereof, I have executed this Power of Attorney on this day of [DAY], [MONTH], [YEAR].
[YOUR NAME][Principal]
[DATE]
[AGENT NAME]
[DATE]
Witness Acknowledgement
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
[WITNESS NAME][WITNESS 1]
[DATE]
[WITNESS NAME][WITNESS 2]
[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 NAME]
[DATE]
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