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.
You don't necessarily need a lawyer, but it's a wise idea to consult one to ensure everything is done right. Better safe than sorry, right?
Not quite! A Durable Power of Attorney continues even if you become incapacitated, while a General Power of Attorney may not. It’s all about the long game!
Your agent can handle tasks like paying bills, managing investments, and making financial decisions on your behalf. Think of them as your financial superhero!
Absolutely! You can revoke or change it whenever you want, as long as you're of sound mind. Just like changing the channel on the TV!
It can kick in right away or only when you become unable to handle your affairs, depending on how you set it up. It's like flipping a switch when needed!
You can choose anyone you trust as your agent, such as a family member, friend, or even a lawyer. Just make sure it's someone who's responsible and has your best interests at heart!
Not quite! A Durable Power of Attorney remains valid even if you become incapacitated, while a General Power of Attorney may not.
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