This is a limited power of attorney for the State of Tennessee. You specify the powers you desire to give to your agent. Sample powers are attached to the form for illustration only and should be deleted after you complete the form with the powers you desire. The form contains an acknowledgment in the event the form is to be recorded.
A Memphis Tennessee Limited Power of Attorney where you Specify Powers is a legal document that authorizes an individual (known as the "principal") to grant someone else (referred to as the "agent" or "attorney-in-fact") limited legal authority to act on their behalf. This legal authority is only valid for a specific time frame and for specific actions or decisions mentioned in the document. The limited power of attorney allows the principal to designate the extent and scope of powers granted to the agent, ensuring that they cannot exceed the specified parameters. This type of power of attorney is useful when the principal wants assistance or representation in specific legal matters but does not want to grant unrestricted decision-making authority. Sample powers that can be included in a Memphis Tennessee limited power of attorney include: 1. Real Estate Transactions: The agent can buy, sell, or manage the principal's real estate properties, including signing contracts or negotiating deals. 2. Financial Matters: The agent is authorized to handle the principal's financial affairs, such as banking, managing investments, paying bills, or filing taxes. This may include accessing the principal's bank accounts, signing checks, or making financial decisions. 3. Health Care Decisions: The agent can make medical decisions on the principal's behalf, including consenting to or refusing medical treatments, accessing medical records, or selecting healthcare providers. 4. Legal Proceedings: The agent is empowered to represent the principal in legal matters, including filing lawsuits, attending court hearings, or engaging in negotiations related to specific legal cases or disputes. 5. Business Operations: The agent can perform tasks related to the principal's business interests, such as signing contracts or agreements, making business decisions, or managing the principal's company affairs. Different types of Memphis Tennessee Limited Power of Attorney where you Specify Powers with Sample Powers Included may vary based on the specific needs and preferences of the principal. For instance, if someone wishes to grant limited power of attorney for financial matters only, a "Limited Financial Power of Attorney" may be used. Similarly, if the principal wants to grant powers solely for health care decisions, a "Limited Health Care Power of Attorney" can be utilized. Overall, a Memphis Tennessee Limited Power of Attorney where you Specify Powers with Sample Powers Included provides the principal with the flexibility to define the agent's authority while retaining control over important decisions and actions. It is always recommended consulting with a legal professional to ensure the document complies with relevant Tennessee laws and accurately reflects the principal's wishes.
