Texas General (Financial) Power of Attorney Form
The Texas General (Financial) Power of Attorney is a non-durable contract that involves two main parties—one who wishes to delegate one or more of their financial affairs, and another who agrees to absorb the responsibility of handling those financial affairs. The former party, called the Principal, should enact this document so that they have a legal recording of their preferences for how the latter party, their Agent, should conduct themselves. If a Principal has chosen to enact this particular type of Power of Attorney, one of those preferences must be that they wish for the Agent’s powers to end if they one day become incapacitated of disabled.
State Laws & Signing Requirements
State Laws – Durable Powers of Attorney
Signing Requirements (§ 751.0021) – State law only mandates signing requirements for a Durable Power of Attorney, and is thus silent on the matter of silent requirements for a General Power of Attorney. To safeguard their interests and to help ensure the Power of Attorney is executed in a legally compliant manner, it is strongly recommended that the Principal signs the General Power of Attorney before two (2) witnesses and/or a Notary Public.