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STATUTORY DURABLE POWER OF ATTORNEY NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE EXPLAINED IN THE DURABLE POWER OF ATTORNEY ACT, SUBTITLE P, TITLE 2, ESTATES CODE.
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Statutory durable power of attorney is a legal document that allows an individual to appoint someone else to make financial decisions on their behalf if they become incapacitated.
Any individual who wants to ensure that their financial affairs are managed in the event of incapacitation should consider filing a statutory durable power of attorney.
Statutory durable power of attorney forms can typically be obtained from an attorney or online legal services, and must be filled out with the individual's personal information and the details of the appointed agent.
The purpose of a statutory durable power of attorney is to designate a trusted individual to make financial decisions on behalf of the principal if they are unable to do so themselves.
The statutory durable power of attorney form typically requires the principal's personal information, information about the appointed agent, and details on the specific powers and responsibilities granted to the agent.
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