Basic Statutory Durable Power Of Attorney Template (Page 5 of 6) in pdf

Basic Statutory Durable Power Of Attorney Template Page 5

(D)

a listing of all property over which you have exercised control that

includes an adequate description of each asset and the asset's current

value, if known to you;

(E)

the cash balance on hand and the name and location of the depository at

which the cash balance is kept;

(F)

each known liability;

(G)

any other information and facts known to you as necessary for a full and

definite understanding of the exact condition of the property belonging to

the principal; and

(H)

all documentation regarding the principal's property.

Termination of Agent's Authority

You must stop acting on behalf of the principal if you learn of any event that terminates this

power of attorney or your authority under this power of attorney. An event that terminates this

power of attorney or your authority to act under this power of attorney includes:

(1)

the principal's death;

(2)

the principal's revocation of this power of attorney or your authority;

(3)

the occurrence of a termination event stated in this power of attorney;

(4)

if you are married to the principal, the dissolution of your marriage by court

decree of divorce or annulment;

(5)

the appointment and qualification of a permanent guardian of the principal's

estate; or

(6)

if ordered by a court, the suspension of this power of attorney on the appointment

and qualification of a temporary guardian until the date the term of the temporary

guardian expires.

Liability of Agent

The authority granted to you under this power of attorney is specified in the Durable Power of

Attorney Act (Subtitle P, Title 2, Estates Code). If you violate the Durable Power of Attorney

Act or act beyond the authority granted, you may be liable for any damages caused by the

violation or subject to prosecution for misapplication of property by a fiduciary under Chapter 32

of the Texas Penal Code.

Statutory Durable Power of Attorney

Page 5

Basic Statutory Durable Power Of Attorney Template Page 5