This is a Revocation of the General, Durable Power of Attorney provided for in Forms CA-P003 and CA-P003A, which allow you to appoint an attorney-in-fact (agent) to make decisions regarding property, financial, management, banking, business and other matters for you. Specific reference is made to the previously executed power of attorney and the date of its execution.
General durable power of attorney is a legal document that allows an individual (the principal) to designate another person (the agent or attorney-in-fact) to make financial and legal decisions on their behalf. This document remains valid even if the principal becomes incapacitated or mentally incompetent. In California, the General durable power of attorney is governed by the California Probate Code, specifically sections 4000 to 4545. It provides a broad range of powers to the agent, enabling them to handle various financial, real estate, and legal matters. Some relevant keywords related to General durable power of attorney in California include: 1. Financial decisions: The General durable power of attorney allows the agent to manage the principal's financial affairs, including banking, investments, real estate transactions, tax matters, and insurance. 2. Incapacity planning: This legal document is often utilized as part of an individual's incapacity planning, ensuring that their financial matters are taken care of if they become unable to handle them personally. 3. Health care decisions: It's important to note that the General durable power of attorney does not cover health care decisions. For medical matters, a separate Advance Healthcare Directive or a Medical Power of Attorney is required. 4. Revocation and termination: The principal retains the right to revoke or terminate the General durable power of attorney at any time, as long as they are mentally competent. This can be done through written notification or by executing a new document. 5. Springing power of attorney: In addition to the General durable power of attorney, California also recognizes the Springing power of attorney. This type of document only becomes effective upon the occurrence of a specific event or condition, typically the incapacity of the principal. 6. Limited power of attorney: While not specifically part of the General durable power of attorney category, California also allows for limited power of attorney. This document grants the agent authority over specific and defined matters only, rather than giving them general powers. 7. Notarization and witnessing: To be valid in California, the General durable power of attorney must be notarized or signed by two witnesses. Lack of proper execution may result in the document being deemed invalid. In summary, the General durable power of attorney in California is a valuable tool that grants an agent the authority to handle financial and legal matters on behalf of the principal. It can be utilized to plan for incapacity, provide peace of mind, and ensure seamless financial management.
