Article One Grant Of Powers printable pdf download

FINANCIAL DURABLE GENERAL POWER OF ATTORNEY

Advisory Notice to Agent: ARS § 14-5506 governs the exercise of powers of attorney. Under that

statute, an agent cannot receive ANY benefits from the principal unless those benefits are specifically

identified in detail within this instrument or within a written contract. Otherwise, the agent could be

subject to criminal prosecution or subject to the penalty provisions of ARS § 46-456, which authorizes

the loss of the agent’s right to inherit from the principal as well as payment of treble damages and

attorneys’ fees. An agent should carefully review these statutes or consult with a knowledgeable

attorney prior to exercising the authority granted by this power of attorney.

ARTICLE ONE

GRANT OF POWERS

the

undersigned

principal,

____________________________

currently

residing

______________________________________, hereby appoint

__________________________,

currently residing at _________________________________________________, (hereinafter referred

to as the "Agent"), as my attorney in fact, hereby granting the Agent full power and authority, as though

the Agent were the absolute owner of my assets and liabilities, to perform those acts for me and in my

name, place, and stead as expressly provided below as fully as I could perform if personally present and

not disabled, incapacitated or incompetent.

THIS POWER OF ATTORNEY SHALL BECOME EFFECTIVE AS OF THE DATE I

SIGN THIS DOCUMENT AND SHALL NOT BE AFFECTED BY MY DISABILITY,

INCAPACITY OR INCOMPETENCY OR BY LAPSE OF TIME.

By placing my initials following the description of each selected power set forth below, and by

causing the witness to place his or her initials below my initials for each selected power, the principal

acknowledges that [s/he] has reviewed and expressly approved of the delegation hereunder of each

selected power to my Agent):

Power to Buy and Sell. To transfer, sell, purchase, lease, encumber, assign, exchange and

convey, or exercise any option, election, privilege or power with respect to any or all property, real and

personal, tangible and intangible, within or without the State of Arizona, as the Agent in his or her sole

discretion determines, and to disclaim any interest in any property to which I would otherwise succeed.

Initials:

_____________

Principal

Witness

Power with Respect to Bank Accounts. To establish accounts of all kinds, including, without

limitation, checking and savings accounts, for me with financial institutions of any kind, including banks

and other similar financial institutions; to modify, terminate, make deposits to or write checks on or

make withdrawals from and grant security interests in all accounts in my name or with respect to which I

am an authorized signatory (except any accounts held by me in a fiduciary capacity), whether or not

such account was established by me or for me by the Agent, to negotiate, endorse or transfer any checks

or other instruments with respect to any such accounts; and to contract for any services rendered by any

Article One Grant Of Powers

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