Powers Of Attorney Forms Pack (Page 2 of 9) in pdf

Powers Of Attorney Forms Pack Page 2

NOTICE

THE PURPOSE OF THIS POWER OF ATTORNEY IS TO GIVE THE

PERSON YOU DESIGNATE (YOUR "AGENT") BROAD POWERS TO

HANDLE YOUR PROPERTY, WHICH MAY INCLUDE POWERS TO

SELL OR OTHERWISE DISPOSE OF ANY REAL OR PERSONAL

PROPERTY WITHOUT ADVANCE NOTICE TO YOU OR

APPROVAL BY YOU.

THIS POWER OF ATTORNEY DOES NOT IMPOSE A DUTY ON

YOUR AGENT TO EXERCISE GRANTED POWERS, BUT WHEN

POWERS ARE EXERCISED, YOUR AGENT MUST USE DUE CARE

TO ACT FOR YOUR BENEFIT AND IN ACCORDANCE WITH THIS

POWER OF ATTORNEY.

YOUR AGENT MAY EXERCISE THE POWERS GIVEN HERE

THROUGHOUT YOUR LIFETIME, EVEN AFTER YOU BECOME

INCAPACITATED, UNLESS YOU EXPRESSLY LIMIT THE

DURATION OF THESE POWERS OR YOU REVOKE THESE

POWERS OR A COURT ACTING ON YOUR BEHALF TERMINATES

YOUR AGENT'S AUTHORITY.

YOUR AGENT MUST KEEP YOUR FUNDS SEPARATE FROM

YOUR AGENT'S FUNDS.

A COURT CAN TAKE AWAY THE POWERS OF YOUR AGENT IF

IT FINDS YOUR AGENT IS NOT ACTING PROPERLY.

THE POWERS AND DUTIES OF AN AGENT UNDER A POWER OF

ATTORNEY ARE EXPLAINED MORE FULLY IN 20 PA.C.S. CH. 56.

IF THERE IS ANYTHING ABOUT THIS FORM THAT YOU DO NOT

UNDERSTAND, YOU SHOULD ASK A LAWYER OF YOUR OWN

CHOOSING TO EXPLAIN IT TO YOU.

I HAVE READ OR HAD EXPLAINED TO ME THIS NOTICE AND I

UNDERSTAND ITS CONTENTS.

_____________(Principal)_________ ____________(Date)____

(d) Acknowledgment executed by agent.--An agent shall have no authority to act as

agent under the power of attorney unless the agent has first executed and affixed to the

power of attorney an acknowledgment in substantially the following form:

I, ___________________, have read the attached power of attorney and

am the person identified as the agent for the principal. I hereby

Powers Of Attorney Forms Pack Page 2