This form is a Uniform Statutory Form of Power of Attorney for California for property, finances and other powers you specify. It also provides that it can be durable.
Uniform Statutory Form Power Of Attorney 4401 Withholding
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How to fill out California Uniform Statutory Power Of Attorney - Property - Finances - Section 4401?
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FAQ
The California Statutory Form Power of Attorney (Probate Code §4401) allows a principal to grant an agent authority to conduct transactions involving financial decision making. You may name more than one agent, and you may require that they act either separately or jointly.
Section 4401 of the California probate code contains an example of a durable power of attorney.
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.
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.
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."