_____________, the “principal,” of ___________, _______, herewith appoints ______________ of ______________, as their attorney in fact, to act in the place and stead and with the same authority as Principal would have to do the following acts:
To conduct any and all business regarding my deposit accounts, loans, safe deposit box, or other banking business in regard to the _______________________, of ____________________. This power shall specifically include, but is not limited to the right to deposit, withdraw, sign checks or drafts, make stop payment orders, and to conduct any banking transactions necessary or possible in regard to my banking relationship with the __________________________.
To execute a deed or other instrument of conveyance conveying my interest in the following real property:
To examine and to order copies of any and all of my educational records, including both financial and student loan and health related records, at the following college, school or other educational institution:
__________________________ of _______________ and any branches thereof.
To represent me before the Internal Revenue Service in regard to the following taxable years and returns:
Forms: ____________ Years: _____________
This power of attorney shall be in effect from _______________ to _________________.
_____________________, As Principal
STATE OF ______________
COUNTY OF _____________
_____________ personally appeared before me and acknowledged the execution of this power of attorney for the purposes set forth therein.
My Commission Expires:
Power of Attorney, Financial Matters
This review list is provided to inform you about this document in question and assist you in its preparation. This Power of Attorney is restricted to financial matters. Read up on the other commentary about Power of Attorney issues. This is a serious matter. If you have any doubts, don’t appoint the person.
1. Make multiple copies. Give one to each interested party. Keep a list of who has copies so you can retrieve them if you decide at a later date to revoke these powers.
2. One way to restrict a Power of Attorney is simply to put in an automatic termination date. Then you have to renew in order to have it remain in force and makes it less likely someone can challenge a termination successfully at a later time since you anticipated it in this document.
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