Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
While it's not strictly necessary to hire a lawyer, it's a good idea. They can help you understand your options and make sure everything is done right, so you don't run into trouble later.
If your Power of Attorney can no longer serve—maybe due to illness or other reasons—you can appoint a new one. You’ll just need to follow the proper steps to make it official.
If you want to take back the authority you've given, you just need to create a revocation document and notify your Power of Attorney and any institutions they were working with.
Absolutely! You can specify which powers you want them to have and which ones you want to keep for yourself. Just be clear in the document.
Your Power of Attorney can handle a range of tasks like paying your bills, managing bank accounts, buying or selling property, and making investments. Basically, they can step into your shoes and make financial decisions.
Anyone who is at least 18 years old and of sound mind can be appointed as your Power of Attorney. It could be a family member, a close friend, or even a trusted advisor.
If that happens, a court may have to step in and appoint a guardian for you, which can be a lengthy and costly process. It's like throwing a wrench in the works, so it's best to get your ducks in a row beforehand.
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