Statutory Durable Power Of Attorney (Page 4 of 6) in pdf

Statutory Durable Power Of Attorney Page 4

State of _______________________

County of ______________________

This document was acknowledged before me on ____________(date) by

__________________ (name of principal).

______________________________

(signature of notarial officer)

(Seal, if any, of notary)

________________________________________

(printed name)

My commission expires: ______________

IMPORTANT INFORMATION FOR AGENT

Agent's Duties

When you accept the authority granted under this power of attorney, you establish a "fiduciary"

relationship with the principal. This is a special legal relationship that imposes on you legal

duties that continue until you resign or the power of attorney is terminated, suspended or revoked

by the principal or by operation of law. A fiduciary duty generally includes the duty to:

(1)

act in good faith;

(2)

do nothing beyond the authority granted in this power of attorney;

(3)

act loyally for the principal's benefit;

(4)

avoid conflicts that would impair your ability to act in the principal's best interest;

and

(5)

disclose your identity as an agent when you act for the principal by writing or

printing the name of the principal and signing your own name as "agent" in the

following manner:

(Principal's Name) by (Your Signature) as Agent

In addition, the Durable Power of Attorney Act (Subtitle P, Title 2, Estates Code) requires you

to:

(1)

maintain records of each action taken or decision made on behalf of the principal;

(2)

maintain all records until delivered to the principal, released by the principal, or

discharged by a court; and

Statutory Durable Power of Attorney

Page 4

Statutory Durable Power Of Attorney Page 4