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The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
A Power of Attorney Could Leave You Vulnerable to Abuse Often, this does not happen ? at least not unless or until abuse of power becomes egregious. Because of the potential that an agent could take advantage of you or steal from you, it is very important that you select the right person to act as your agent.
Your spouse can access and sign legal documents and make decisions related to your financial and medical wellbeing when you grant them those rights through a power of attorney. Many people assume that a spouse automatically has these rights. But this isn't always the case.
Limited or special power of attorney. This gives the agent authority to act in a limited way, such as to engage in a specific transaction or for a limited period of time. Durable power of attorney. This continues in effect after the principal becomes mentally or physically disabled or incapacitated.
Where to get a power of attorney form in Texas. You can access Texas power of attorney forms for free online: The Texas Health & Human Services website offers Texas financial power of attorney forms. The Texas Health & Safety Code website offers a Texas medical power of attorney template.
The Texas Limited (Special) Power of Attorney documents the arrangement made between a ?principal? (the individual conveying the powers) and an ?attorney-in-fact? (the agent receiving the authority to act on the principal's behalf).