DURABLE POWER
OF ATTORNEY
A power of
attorney is an instrument by which one person (the principal) grants to
another (the agent) the power to perform certain acts on his or her behalf.
Two types of powers of attorney are common in the estate planning field,
namely the power of attorney for health care and the durable power of
attorney.
The Texas
Probate Code provides a means for an individual to designate another person
to handle his/her affairs. The Durable Power of Attorney may take effect
immediately or only upon disability. It can be drafted to provide narrow
or extensive powers in the agent. It can provide for a definite termination
or be perpetual until specifically revoked by the maker. A properly drafted
and executed Durable Power of Attorney is inexpensive and should avoid
the necessity for a costly court managed guardianship.
Please feel
free to contact us if you would like more information on this subject.
1205
Airline Rd., Corpus Christi, Tx. 78468
Phone: 361.993.1313
Not
Certified by the Texas Board of Legal Specialization
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