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California Uniform Statutory Power of Attorney - Property - Finances -...

Uniform Statutory Form Power Of Attorney 4401 Withdrawal

Q: What does uniform statutory form power of attorney mean?

Uniform Statutory Form Power of Attorney Act provides a. short statutory form that gives the agent (attorney in fact) authority to act with respect to one or more of 13 categories of. transactions or matters, such as &quot;real property transactions&quot; or. &quot;banking and other financial institution transactions.&quot;

Category:

Power of Attorney - General

State:

California

Control #:

CA-P040

Format:

Instant download

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Description

The Uniform Statutory Form Power of Attorney 4401 withdrawal provides a comprehensive legal framework through which individuals can appoint an agent to manage their financial affairs. This document allows users to grant broad and sweeping powers to their designated agents, covering various areas such as real property transactions, banking, and tax matters. Users can selectively choose specific powers by initialing individual sections or opt to grant all powers at once. Key features include the ability to provide special instructions and designate multiple agents to act either jointly or separately. The form emphasizes its immediate effectiveness and continuation despite the principal's incapacitation unless stated otherwise. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a vital tool for estate planning and financial management. It is crucial for legal professionals to understand its provisions and potential implications to guide clients effectively in their decision-making processes.

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How to fill out California Uniform Statutory Power Of Attorney - Property - Finances - Section 4401?

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FAQ

The difference has to do with whether the powers remain effective after the onset of a disability. That is, the regular power of attorney ceases to be effective if you become disabled, whereas the ?durable? power of attorney continues to be effective despite your subsequent disability.

Power of Attorney Uniform Statutory Form ? California Probate Code §4401 ? RPI Form 447. This form is used by an agent or escrow officer when an owner or buyer appoints a person who is to act on their behalf as their attorney-in-fact, to grant specific powers to the person authorized to act as their attorney-in-fact.

Section 4401 of the California probate code contains an example of a durable power of attorney.

Uniform Statutory Form Power of Attorney Act¹ provides a. short statutory form that gives the agent (attorney in fact) authority to act with respect to one or more of 13 categories of. transactions or matters, such as "real property transactions" or. "banking and other financial institution transactions."

A power of attorney used by an individual residing in California to authorize a third party to manage the individual's property and financial matters.

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Uniform Statutory Power of Attorney - Property - Finances - Section 4401

CALIFORNIA LAW SUMMARIES

STATUTORY REFERENCE
CALIFORNIA PROBATE CODE

GENERAL DURABLE POWER OF ATTORNEY
(PROBATE CODE, §§4124 through 4128)

Section 4124. A durable power of attorney is a power of attorney by which a principal designates another person as attorney-in-fact in writing and the power of attorney contains any of the following statements:

(a) "This power of attorney shall not be affected by subsequent incapacity of the principal."
(b) "This power of attorney shall become effective upon the incapacity of the principal."
(c) Similar words showing the intent of the principal that the authority conferred shall be exercisable notwithstanding the principal's subsequent incapacity.

Section 4125. All acts done by an attorney-in-fact pursuant to a durable power of attorney during any period of incapacity of the principal have the same effect and inure to the benefit of and bind the principal and the principal's successors in interest as if the principal had capacity.

Section 4126. (a) A principal may nominate, by a durable power of attorney, a conservator of the person or estate or both, or a guardian of the person or estate or both, for consideration by the court if protective proceedings for the principal's person or estate are thereafter commenced.
(b) If the protective proceedings are conservatorship proceedings in this state, the nomination has the effect provided in Section 1810 and the court shall give effect to the most recent writing executed in accordance with Section 1810, whether or not the writing is a durable power of attorney.

Section 4127. Unless a power of attorney states a time of termination, the authority of the attorney-in-fact is exercisable notwithstanding any lapse of time since execution of the power of attorney.

Section 4128. (a) Subject to subdivision (b), a printed form of a durable power of attorney that is sold or otherwise distributed in this state for use by a person who does not have the advice of legal counsel shall contain, in not less than 10-point boldface type.

Section 4129. (a) In a springing power of attorney, the principal may designate one or more persons who, by a written declaration under penalty of perjury, have the power to determine conclusively that the specified event or contingency has occurred. The principal may designate the attorney-in-fact or another person to perform this function, either alone or jointly with other persons. (b) A springing power of attorney containing the designation described in subdivision (a) becomes effective when the person or persons designated in the power of attorney execute a written declaration under penalty of perjury that the specified event or contingency has occurred, and any person may act in reliance on the written declaration without liability to the principal or to any other person, regardless of whether the specified event or contingency has actually occurred.
(c) This section applies to a power of attorney whether executed before, on, or after January 1, 1991, if the power of attorney contains the designation described in subdivision (a).
(d) This section does not provide the exclusive method by which a power of attorney may be limited to take effect on the occurrence of a specified event or contingency.

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Uniform Statutory Power of Attorney - Property - Finances - Section 4401

CALIFORNIA LAW SUMMARIES

STATUTORY REFERENCE
CALIFORNIA PROBATE CODE

GENERAL DURABLE POWER OF ATTORNEY
(PROBATE CODE, §§4124 through 4128)

Section 4127. Unless a power of attorney states a time of termination, the authority of the attorney-in-fact is exercisable notwithstanding any lapse of time since execution of the power of attorney.

Note: All Information and Previews are subject to the Disclaimer located on the main forms page, and also linked at the bottom of all search results.

Uniform Statutory Form Power Of Attorney 4401 Withdrawal

Description

Related forms

Viewed forms

How to fill out California Uniform Statutory Power Of Attorney - Property - Finances - Section 4401?

Form popularity

FAQ

What is the difference between durable power of attorney and uniform statutory power of attorney?

What is a power of attorney uniform statutory form California Probate Code 4401 RPI Form 447?

What is California Probate Code Section 4401?

What does uniform statutory form power of attorney mean?

What is a uniform statutory form?

Trusted and secure by over 3 million people of the world’s leading companies

Uniform Statutory Form Power Of Attorney 4401 Withdrawal

Description

Related forms

Viewed forms

How to fill out California Uniform Statutory Power Of Attorney - Property - Finances - Section 4401?

Form popularity

FAQ

What is the difference between durable power of attorney and uniform statutory power of attorney?

What is a power of attorney uniform statutory form California Probate Code 4401 RPI Form 447?

What is California Probate Code Section 4401?

What does uniform statutory form power of attorney mean?

What is a uniform statutory form?

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Trusted and secure by over 3 million people of the world’s leading companies