Docstoc

Maryland General Durable Power of Attorney for Property and Finances - Effective Immediately

Document Sample
Maryland General Durable Power of Attorney for Property and Finances - Effective Immediately Powered By Docstoc
					Docstoc Legal Agreements




                             This General Durable Power of Attorney, which is effective immediately, is intended to be
                             used by an individual to appoint an Attorney-in-Fact to make decisions for him or her
                             regarding property, financial, banking, management, business and other related matters.
                             However, this power of attorney does not include powers relating to medical and health
                             care services. This document contains broad powers which the individual can choose from
                             so as to suit his or her specific requirements. It should be used by individuals located in
                             Maryland who wish to appoint an Attorney-in-Fact to act on their behalf regarding financial
                             matters.
             ®




                           DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
                           OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for general guidance and should be modified by you or your
                           attorney to meet your specific needs and the laws of your state. Use at your own risk. Docstoc, its employees or contractors who wrote or modified any
                           form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney -Client relationship. The information and forms
                           are not a substitute for the advice of your own attorney. Use of this document and our service are deemed to be your acknowledgement and agreement to
                           the following: The disclaimers and links on this page and the back page(s); our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), and
                           read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. You also agree that if you are not the person
                           using the document and services that you will provide such person(s) who will be with these front and back disclaimer pages. This document is not
                           approved, endorsed by, or affiliated with any State, or governmental or licensing entity.
                           Entire document copyright © Docstoc®, Inc., 2010 - 2013. All Rights Reserved
                      GENERAL DURABLE POWER OF ATTORNEY

                   THE POWERS YOU GRANT BELOW ARE EFFECTIVE

                  EVEN IF YOU BECOME DISABLED OR INCOMPETENT

KNOWN BY ALL PERSONS PRESENT, THAT:

I, _______________________________ [Instruction: Insert the name of the principal],
______________________________________ [Instruction: Insert the address of principal],
(“Principal”), execute this Durable Power of Attorney and do hereby make, constitute and
appoint: ___________________________________ [Instruction: Insert the name of Attorney-
in-Fact], __________________________ [Instruction: Insert the address of Agent],
(“Agent”) TO ACT IN MY NAME, PLACE AND STEAD in any lawful way with respect to
the following provisions:

1. Effectiveness of Power of Attorney: This instrument is to be construed and interpreted as a
   general durable power of attorney effective immediately.

2. Grant of Powers: I grant to my Agent full power and authorization to do everything
   necessary in exercising any of the powers granted by this power of attorney as fully as I
   might or could do if personally present. My Agent shall have full power of substitution or
   revocation. I hereby ratify and confirm all that my Agent lawfully does or causes to be done
   by virtue of this power of attorney and the powers herein granted. My Agent shall have the
   power to exercise or perform any act, power, duty, right or obligation whatsoever that I now
   have or may hereinafter acquire, relating to any person, matter, transaction or property, real
   or personal, tangible or intangible, now owned or hereafter acquired by me, including,
   without limitation, the following specifically enumerated powers:

   a. Property Matters: To acquire, purchase, exchange and sell, or grant options to sell,
      mortgage, pledge, lease, sell and convey real or personal property, tangible or intangible,
      or interests therein, on such terms and conditions as my Agent shall deem proper, with
      full authority to sign, endorse, execute and deliver any sales agreement, deed, bill of sale
      and all other instruments or documents pertaining to the sale of any of my real or
      personal property; and to enter into bonds, contracts, mortgages and deeds connected
      therewith;

   b. Stock and Bond Transactions: To purchase, convey, assign, sell, exchange, surrender,
      mortgage, pledge, lease, let, license, demise, remise, quitclaim, bargain, redeem or
      otherwise transfer any and all shares of stock, bonds, evidences of indebtedness or other
      securities and other personal tangible and intangible or mixed property in any business,
      association, corporation, partnership or other legal entity, whether private or public, now
      or hereafter belonging to me;

   c. Banking and Other Financial Institution Transactions: To make, receive, sign,
      endorse, execute, acknowledge, deliver and possess checks, drafts, bills of exchange,
      letters of credit, notes, stock certificates, withdrawal receipts and deposit instruments



© Copyright 2011 Docstoc Inc. registered document proprietary, copy not               2
       relating to accounts or deposits in, or certificates of deposit of banks, savings and loans,
       credit unions or other institutions or associations, execute or release such deeds of trust or
       other security agreements as may be necessary or proper in the exercise of the rights and
       powers herein granted;

   d. Business Operating Transactions: To conduct, engage in and otherwise transact the
      affairs of any and all lawful business ventures of whatever nature or kind that I may now
      or hereafter be involved in. To execute partnership agreements and amendments thereto;
      to incorporate, reorganize, merge, consolidate, recapitalize, sell, liquidate or dissolve any
      business; to elect or employ officers, directors and agents; to carry out the provisions of
      any agreement for the sale of any business interest or the stock therein; and to exercise
      voting rights with respect to stock, either in person or by proxy, and to exercise stock
      options;

   e. Management Powers: To maintain, repair, improve, invest, manage, insure, rent, lease,
      encumber and in any manner deal with any real or personal property, tangible or
      intangible, or any interest therein that I now own or may hereafter acquire in my name
      and for my benefit, upon such terms and conditions as my Agent shall deem proper;

   f. Power to Borrow: To borrow any sum or sums of money on such terms (including the
      power to borrow against the cash surrender value of any life insurance policy issued on
      my life), and with such security, whether real or personal property, as my Agent may
      think fit, and for that purpose to execute all promissory notes, bonds, mortgages, deeds of
      trust, security agreements and other instruments which may be necessary or proper;

   g. Tax Matters: To prepare, to make elections, to execute and to file all tax, social
      security, unemployment insurance and informational returns required by the laws of the
      United States, or of any state or subdivision thereof, or of any foreign government; to
      prepare, to execute, and to file all other papers and instruments which Agent shall think
      to be desirable or necessary for safeguarding me against excess or illegal taxation or
      against penalties imposed for claimed violation of any law or other governmental
      regulation; and to pay, compromise, contest or apply for refunds in connection with any
      taxes or assessments for which I am or may be liable;

   h. Trust: To transfer, assign and convey any property or interest in property, the legal or
      equitable title to which is in my name, to any trust of which I am the primary beneficiary
      during my lifetime and under the terms of which I expressly have the power to amend or
      revoke such trust, and to exercise any right of withdrawal of income and/or principal
      which I may have pursuant to the terms and conditions of such trust, whether such trust
      was created before or after the execution of this power of attorney;

   i. Power to Change Beneficiaries on Any Insurance Policies: To change the beneficiaries
      on any insurance policies on my life; provided, however, that neither such right and
      power, nor any other rights and powers, shall be exercisable with respect to any policies
      of life insurance which may at any time be owned by me on the life of my Agent herein
      named;




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                  3
   j. Legal Affairs: To employ and compensate attorneys, accountants and other agents with
      personal liability for neglect or wrongdoing of any of them selected with reasonable care.
      To represent me before any administrative or judicial body in any proceeding;

   k. Recovering Possession of Property: To eject, remove or relieve tenants or other persons
      from, and recover possession of, any property, real, personal or mixed in which I now or
      hereafter may have an interest;

   l. Executing Government Vouchers: To execute vouchers in my behalf for any and all
      allowances, compensation and reimbursements properly payable to me by the
      Government of the United States or any agency or department thereof.

       [Comment: Choose any of the above powers by inserting “X” next to them as per
       your specific situation and requirements]

3. Revocation: This general durable power of attorney may be voluntarily revoked by me by
   written instrument signed by me and delivered to my Agent. My guardian may also revoke
   this instrument by written instrument signed by him or her and delivered to my Agent. Any
   affidavit executed by my Agent stating that she or he did not have, at the time of doing any
   act pursuant to this power of attorney, actual knowledge of the revocation or termination of
   this power of attorney, is, in the absence of fraud, conclusive proof of no revocation or no
   termination of the power at that time.

4. Interpretation and Governing Law: This instrument is to be construed and interpreted
   according to the law of Maryland. It was executed in the state of Maryland and is intended to
   be valid in all jurisdictions of the United States of America and all foreign nations.

5. Nomination of Guardian or Conservator: In the event court proceedings are hereafter
   commenced to appoint a guardian, conservator or other fiduciary to take charge of my
   person, or to manage and conserve my property, I hereby nominate and appoint my Agent
   above-named, as my guardian, conservator, or other fiduciary, to serve without bond unless
   otherwise required by a court of competent jurisdiction.

6. Substitute Agent: If _____________________ [Instruction: Insert the name of the Agent]
   ceases to act as my Agent due to death, incapacity, or resignation, I appoint
   ___________________________ [Instruction: Insert the name of the substitute agent], to
   serve as my Agent.

7. Death: [Optional] [Comment: Choose this clause if you wish the agency to continue even
   after your death] My death shall not revoke or terminate this agency as to my Agent or any
   other person who, without actual knowledge of my death, acts in good faith under this power
   of attorney. Any action so taken, unless otherwise invalid or unenforceable, shall be binding
   upon me and my heirs, devises and personal representatives.




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not             4
8. Special Instructions: [Optional] [Instruction: Insert the special instructions limiting or
   extending the powers granted to your agent]

   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   ___________________________________________________________________________
   __________________________________________________________________________.

TO INDUCE ANY THIRD PARTY TO ACT HEREUNDER, I HEREBY AGREE THAT
ANY THIRD PARTY RECEIVING A DULY EXECUTED COPY OR FACSIMILE OF
THIS INSTRUMENT MAY ACT HEREUNDER, AND THAT REVOCATION OR
TERMINATION HEREOF SHALL BE INEFFECTIVE AS TO SUCH THIRD PARTY
UNLESS AND UNTIL ACTUAL NOTICE OR KNOWLEDGE OF SUCH REVOCATION
OR TERMINATION SHALL HAVE BEEN RECEIVED BY SUCH THIRD PARTY, AND
I FOR MYSELF AND FOR MY HEIRS, EXECUTORS, LEGAL REPRESENTATIVES
AND ASSIGNS, HEREBY AGREE TO INDEMNIFY AND HOLD HARMLESS ANY
SUCH THIRD PARTY FROM AND AGAINST ANY AND ALL CLAIMS THAT MAY
ARISE AGAINST SUCH THIRD PARTY BY REASON OF SUCH THIRD PARTY
HAVING RELIED ON THE PROVISIONS OF THIS INSTRUMENT.



Signed this ____ [Month] ____ [Date], 20____



_______________________________________

[Instruction: Insert the signature of principal]

_____________________________________

______________________________________

[Instruction: Insert the address of principal]



_______________________________________

[Instruction: Insert the signature of agent]

_____________________________________

______________________________________

[Instruction: Insert the address of agent]


© Copyright 2011 Docstoc Inc. registered document proprietary, copy not           5
                                    ACKNOWLEDGEMENT



STATE OF       Maryland

COUNTY OF ____________________

I, a Notary Public, hereby certify that _______________________________________ whose
name is signed to the foregoing instrument, and who is known to me, acknowledged before me
on this day that, being informed of the contents of the conveyance, he/she/they executed the
same voluntarily on the day the same bears date.

       Given under my hand this _____________ day of _____________, A. D. 20____.



                                                       ____________________________________

                                                       Notary Public

                                                       Print Name __________________________



My commission expires:



___________________




© Copyright 2011 Docstoc Inc. registered document proprietary, copy not            6

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:60
posted:12/8/2011
language:English
pages:7
Description: This General Durable Power of Attorney, which is effective immediately, is intended to be used by an individual to appoint an Attorney-in-Fact to make decisions for him or her regarding property, financial, banking, management, business and other related matters. However, this power of attorney does not include powers relating to medical and health care services. This document contains broad powers which the individual can choose from so as to suit his or her specific requirements. It should be used by individuals located in Maryland who wish to appoint an Attorney-in-Fact to act on their behalf regarding financial matters.
Customize This Document Instantly download your personalized document Guided Fill-in-the-Blank Process
This document is also part of a package Essential Maryland Legal Documents 145 Documents Included