Financial Power Of Attorney Packet (Page 8 of 9) in pdf

Financial Power Of Attorney Packet Page 8

ACCEPTANCE OF APPOINTMENT

I, ______________________ (print name), have read the foregoing Power of Attorney

and am the person identified therein as Agent for _________________________ (name

of grantor of power of attorney), the Principal named therein. I hereby acknowledge the

following:

I owe a duty of loyalty and good faith to the Principal, and must use the powers granted

to me only for the benefit of the Principal.

I must keep the Principal's funds and other assets separate and apart from my funds and

other assets and titled in the name of the Principal. I must not transfer title to any of the

Principal's funds or other assets into my name alone. My name must not be added to the

title of any funds or other assets of the Principal, unless I am specifically designated as

Agent for the Principal in the title.

I must protect, conserve, and exercise prudence and caution in my dealings with the

Principal's funds and other assets.

I must keep a full and accurate record of my acts, receipts, and disbursements on behalf

of the Principal, and be ready to account to the Principal for such acts, receipts, and

disbursements at all times. I must provide an annual accounting to the Principal of my

acts, receipts, and disbursements, and must furnish an accounting of such acts, receipts,

and disbursements to the personal representative of the Principal's estate within 90 days

after the date of death of the Principal.

I have read the Compensation of Agent paragraph in the Power of Attorney and agree to

abide by it.

I acknowledge my authority to act on behalf of the Principal ceases at the death of the

Principal.

I hereby accept the foregoing appointment as Agent for the Principal with full knowledge

of the responsibilities imposed on me, and I will faithfully carry out my duties to the best

of my ability.

Dated: _____________________________________________, _______.

(Signature) _____________________________________________

(Address) _______________________________________________

Note: A notarized signature is not required unless the Principal initialed paragraph 3 or

paragraph 4 regarding property transactions.

Financial Power Of Attorney Packet Page 8