If your proxy doesn't act in your best interest, you may have grounds to revoke the agreement and even take legal action if necessary. It’s key to choose someone responsible and reliable!
Yes, there are certain limitations. A proxy can't do anything illegal or make decisions that go against the wishes of the person they represent. It's important that both sides are on the same page.
The duration of a Proxy Agreement can vary. It could last until a specific event occurs, or it can be until you decide to revoke it. Just make sure to specify the time frame in the agreement.
Absolutely! You can revoke a Proxy Agreement whenever you want, as long as you notify your proxy and any relevant parties. It’s like saying, 'Thanks, but no thanks!' after changing your mind.
While it's not always necessary to have a notary, it's a good idea to do so. Having a notary adds a layer of verification and can help avoid any disputes down the road.
Pretty much anyone can be a proxy as long as they are legally able to represent someone else. This means they should be an adult and trustworthy enough to handle the responsibilities that come with it.
If your proxy can't fulfill their duties, it’s like a game of hot potato; someone else might need to step in! You can appoint a new proxy or specify an alternate in your agreement.