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Durable Power of Attorney - General

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Durable Power of Attorney - General Powered By Docstoc
					This Power of Attorney is used to appoint an agent to act on the principal's behalf
regarding the principal's financial matters. This form grants the agent the right to speak
or act on the principal's behalf, including the power to lease or sell real estate or
personal property, to collect any money owed to the principal, and to sign documents on
behalf of the principal. This document contains many of the powers typically included in
a power of attorney, but can be customized to contain the specific powers the principal
wishes to grant to his or her agent. It should be used by an individual that wishes to
appoint an agent to act on his or her behalf.
                                 DURABLE POWER OF ATTORNEY




KNOW ALL MEN BY THESE PRESENTS that I ________________________________
[Instruction: Insert the name of person/principle making this power of attorney] residing at
___________________ [Instruction: Insert the Address of Principal] County of ______________
[Instruction: Insert the County], State of _________________, hereinafter termed as the “Principal” do
hereby make, constitute and appoint ________________________________ [Instruction: Insert the
name of attorney in fact/agent] residing at _______________________________ [Instruction: Insert
the address of attorney in fact/agent] hereinafter termed as the “Agent” as my true and lawful attorney
in fact for me and in my name, place and stead, generally to act as my Agent in relation to all matters in
which I may be interested or concerned, not including matters about which I have authorized my Agent to
make decisions, and as such to do all acts and things and to execute all instruments as fully and
effectually in all respects as I myself could do if personally present, excepting only such acts and things
as the law of the place where they are to be done (including the conflicts of law rules) or their nature
would make impossible, it being my intention, regardless of the mention hereafter of any powers which
may be specifically included in this general power, to make this a full, complete and general power of
attorney. This power of attorney shall not be affected by my subsequent disability, incompetency or
incapacity. I grant the following powers and authority to my Agent appointed above:

1. Power to Execute Generally. To do whatsoever is requisite and necessary to be done in the
    foregoing, as fully as I could if personally present, with full power of substitution, hereby ratifying
    and confirming all that my said Agent shall lawfully do, or cause to be done by virtue hereof.
2. Transactions of Real Property. To lease, sell, mortgage, purchase, exchange, and acquire, and to
    agree, bargain and contract for the lease, sale, purchase, exchange and acquisition of and to accept,
    take, receive and possess any interest in real property whatsoever, on such terms and conditions, and
    under such covenants, as my Agent shall deem proper; and to maintain, repair, tear down, alter,
    rebuild, improve manage, insure, move, rent, lease, sell, convey, subject to liens, mortgages, and
    security deeds, and in any way or manner deal with all or any part of any interest in real property
    whatsoever, including specifically, but without limitation, real property under such terms and
    conditions, and under such covenants, as my Agent shall deem proper and may for all deferred
    payments accept purchase money notes payable to me and secured by mortgages or deeds to secure
    debt, and may from time to time collect and cancel any of said notes, mortgages, security interests, or
    deeds to secure debt with respect to the Real Property .



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3. Transactions of Tangible Personal Property. To lease, sell, mortgage, purchase, exchange, and
    acquire and to agree, bargain, and contract for the lease, sale, purchase, exchange, and acquisition of
    and to accept, take, receive, and possess any personal property whatsoever, tangible or intangible, or
    interest thereto, on such terms and conditions, and under such covenants, as my Agent shall deem
    proper; and to maintain, repair, improve, manage, insure, rent, lease, sell, convey, subject to liens or
    mortgages, or to take any other security interests in said property, or otherwise hypothecate (pledge),
    and in any way or manner deal with all or any part of any real or personal property whatsoever,
    tangible or intangible, or any interest therein, that I own at the time of execution or may thereafter
    acquire, under such terms and conditions, and under such covenants, as my Agent shall deem proper.
4. Bond and Stock Transactions. To purchase, sell, exchange, surrender, assign, redeem, vote at any
    meeting, or otherwise transfer any and all shares of stock, bonds, or other securities in any business,
    association, corporation, partnership, or other legal entity, whether private or public, now or hereafter
    belonging to me.
5. Commodity and Option Transactions. To buy, sell, exchange, assign, convey, settle and exercise
    commodities futures contracts and call and put options on stocks and stock indices traded on a
    regulated options exchange and collect and receipt for all proceeds of any such transactions; establish
    or continue option accounts for the Principal with any securities or futures broker; and, in general,
    exercise all powers with respect to commodities and options which the principal could if present and
    under no disability.
6. Banking, Investing 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 relating to accounts or deposits
    in, or certificates of deposit of banks, savings and loans, credit unions, or other institutions or
    associations. To pay all sums of money, at any time or times, that may hereafter be owing by me
    upon any account, bill of exchange, check, draft, purchase, contract, note, or trade acceptance made,
    executed, endorsed, accepted, and delivered by me or for me in my name, by my Agent.
7. Power to Borrow. To borrow from time to time 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) as
    my Agent may deem proper and execute promissory notes, security deeds or agreements, financing
    statements, or other security instruments which may be necessary and proper. [Comment: User may
    decide to remove this clause]
8. Safe Deposit Boxes. To have free access at any time or times to any safe deposit box or vault to
    which I might have access, and to remove all or any part of the contents thereof, and to surrender or
    relinquish said safe deposit box, and any institution in which any such safe deposit box may be



© Copyright 2012 Docstoc Inc.                                                                   3
    located shall not incur any liability to me or my estate as a result of permitting my Agent to exercise
    this power. [Comment: User may decide to remove this clause]
9. 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 organize or continue and conduct any business which term includes, without limitation, any
    farming, manufacturing, service, mining, retailing or other type of business operation in any form,
    whether as a proprietorship, joint venture, partnership, corporation, trust or other legal entity; operate,
    buy, sell, expand, contract, terminate or liquidate any business; direct, control, supervise, manage or
    participate in the operation of any business and engage, compensate and discharge business managers,
    employees, agents, attorneys, accountants and consultants; and, in general, exercise all powers with
    respect to business interests and operations which the principal could if present and under no
				
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Description: This Power of Attorney is used to appoint an agent to act on the principal's behalf regarding the principal's financial matters. This form grants the agent the right to speak or act on the principal's behalf, including the power to lease or sell real estate or personal property, to collect any money owed to the principal, and to sign documents on behalf of the principal. This document contains many of the powers typically included in a power of attorney, but can be customized to contain the specific powers the principal wishes to grant to his or her agent. It should be used by an individual that wishes to appoint an agent to act on his or her behalf.
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