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California Uniform Statutory Form Power of Attorney _Immediate Download at www.gazhoo.com

California Uniform Statutory Form Power of Attorney _Immediate Download at www.gazhoo.com

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Published by davidginola123
Template of California Uniform Statutory Form Power of Attorney -Immediate
Download at www.gazhoo.com
Template of California Uniform Statutory Form Power of Attorney -Immediate
Download at www.gazhoo.com

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Published by: davidginola123 on Jun 11, 2009
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05/11/2014

 
About this Form
: A power of attorney is a document that evidences the creation of arelationship between two people who are designated as the "principal" and the "agent". Theprincipal designates the agent in the document, and the agent is authorized to act on theprincipal's behalf--to stand in the shoes of the principal--for whatever business the power ofattorney permits. A power of attorney can be general, so that the agent can conduct any sortof business on behalf of the principal, or it may be specific, limited to the transactionsexpressly provided for in the document. Third parties may treat the agent as if he or she is theprincipal in any transactions which the agent is authorized to conduct. Powers of attorney arecommonly used in all sorts of business activities, and are very frequently executed on behalfof individuals. 
CALIFORNIA UNIFORM STATUTORY FORM POWER OF ATTORNEYTHE POWERS YOU GRANT BELOW ARE EFFECTIVEEVEN IF YOU BECOME DISABLED OR INCOMPETENT
 
CAUTION: A DURABLE POWER OF ATTORNEY IS AN IMPORTANTLEGAL DOCUMENT. BY SIGNING THE DURABLE POWER OFATTORNEY, YOU ARE AUTHORIZING ANOTHER PERSON TO ACT FORYOU, THE PRINCIPAL. BEFORE YOU SIGN THIS DURABLE POWER OFATTORNEY, YOU SHOULD KNOW THESE IMPORTANT FACTS: YOURAGENT (ATTORNEY-IN-FACT) HAS NO DUTY TO ACT UNLESS YOUAND YOUR AGENT AGREE OTHERWISE IN WRITING. THIS DOCUMENTGIVES YOUR AGENT THE POWERS TO MANAGE, DISPOSE OF, SELL,AND CONVEY YOUR REAL AND PERSONAL PROPERTY, AND TO USEYOUR PROPERTY AS SECURITY IF YOUR AGENT BORROWS MONEYON YOUR BEHALF. THIS DOCUMENT DOES NOT GIVE YOUR AGENTTHE POWER TO ACCEPT OR RECEIVE ANY OF YOUR PROPERTY, INTRUST OR OTHERWISE, AS A GIFT, UNLESS YOU SPECIFICALLYAUTHORIZE THE AGENT TO ACCEPT OR RECEIVE A GIFT. YOURAGENT WILL HAVE THE RIGHT TO RECEIVE REASONABLE PAYMENTFOR SERVICES PROVIDED UNDER THIS DURABLE POWER OFATTORNEY UNLESS YOU PROVIDE OTHERWISE IN THIS POWER OFATTORNEY. THE POWERS YOU GIVE YOUR AGENT WILL CONTINUETO EXIST FOR YOUR ENTIRE LIFETIME, UNLESS YOU STATE THATTHE DURABLE POWER OF ATTORNEY WILL LAST FOR A SHORTERPERIOD OF TIME OR UNLESS YOU OTHERWISE TERMINATE THEDURABLE POWER OF ATTORNEY.THE POWERS YOU GIVE YOUR AGENT IN THIS DURABLE POWER OFATTORNEY WILL CONTINUE TO EXIST EVEN IF YOU CAN NO LONGERMAKE YOUR OWN DECISIONS RESPECTING THE MANAGEMENT OFYOUR PROPERTY. YOU CAN AMEND OR CHANGE THIS DURABLEPOWER OF ATTORNEY ONLY BY EXECUTING A NEW DURABLEPOWER OF ATTORNEY OR BY EXECUTING AN AMENDMENTTHROUGH THE SAME FORMALITIES AS AN ORIGINAL. YOU HAVE THERIGHT TO REVOKE OR TERMINATE THIS DURABLE POWER OFATTORNEY AT ANY TIME, SO LONG AS YOU ARE COMPETENT.THIS DURABLE POWER OF ATTORNEY MUST BE DATED AND MUSTBE ACKNOWLEDGED BEFORE A NOTARY PUBLIC OR SIGNED BY TWO
 
WITNESSES. IF IT IS SIGNED BY TWO WITNESSES, THEY MUSTWITNESS EITHER (1) THE SIGNING OF THE POWER OF ATTORNEY OR(2) THE PRINCIPAL'S SIGNING OR ACKNOWLEDGMENT OF HIS ORHER SIGNATURE. A DURABLE POWER OF ATTORNEY THAT MAYAFFECT REAL PROPERTY SHOULD BE ACKNOWLEDGED BEFORE ANOTARY PUBLIC SO THAT IT MAY EASILY BE RECORDED.YOU SHOULD READ THIS DURABLE POWER OF ATTORNEYCAREFULLY. WHEN EFFECTIVE, THIS DURABLE POWER OFATTORNEY WILL GIVE YOUR AGENT THE RIGHT TO DEAL WITHPROPERTY THAT YOU NOW HAVE OR MIGHT ACQUIRE IN THEFUTURE. THE DURABLE POWER OF ATTORNEY IS IMPORTANT TOYOU. IF YOU DO NOT UNDERSTAND THE DURABLE POWER OFATTORNEY, OR ANY PROVISION OF IT, THEN YOU SHOULD OBTAINTHE ASSISTANCE OF AN ATTORNEY OR OTHER QUALIFIED PERSON.NOTICE TO PERSON ACCEPTING THE APPOINTMENT AS ATTORNEY-IN-FACT BY ACTING OR AGREEING TO ACT AS THE AGENT(ATTORNEY-IN-FACT) UNDER THIS POWER OF ATTORNEY YOUASSUME THE FIDUCIARY AND OTHER LEGAL RESPONSIBILITIES OFAN AGENT. THESE RESPONSIBILITIES INCLUDE:1. THE LEGAL DUTY TO ACT SOLELY IN THE INTEREST OF THEPRINCIPAL AND TO AVOID CONFLICTS OF INTEREST.2. THE LEGAL DUTY TO KEEP THE PRINCIPAL'S PROPERTYSEPARATE AND DISTINCT FROM ANY OTHER PROPERTY OWNED ORCONTROLLED BY YOU. YOU MAY NOT TRANSFER THE PRINCIPAL'SPROPERTY TO YOURSELF WITHOUT FULL AND ADEQUATECONSIDERATION OR ACCEPT A GIFT OF THE PRINCIPAL'S PROPERTYUNLESS THIS POWER OF ATTORNEY SPECIFICALLY AUTHORIZESYOU TO TRANSFER PROPERTY TO YOURSELF OR ACCEPT A GIFT OFTHE PRINCIPAL'S PROPERTY. IF YOU TRANSFER THE PRINCIPAL'SPROPERTY TO YOURSELF WITHOUT SPECIFIC AUTHORIZATION INTHE POWER OF ATTORNEY, YOU MAY BE PROSECUTED FOR FRAUDAND/OR EMBEZZLEMENT. IF THE PRINCIPAL IS 65 YEARS OF AGE OROLDER AT THE TIME THAT THE PROPERTY IS TRANSFERRED TO YOUWITHOUT AUTHORITY, YOU MAY ALSO BE PROSECUTED FOR ELDERABUSE UNDER PENAL CODE SECTION 368. IN ADDITION TO CRIMINALPROSECUTION, YOU MAY ALSO BE SUED IN CIVIL COURT. I HAVEREAD THE FOREGOING NOTICE AND I UNDERSTAND THE LEGAL ANDFIDUCIARY DUTIES THAT I ASSUME BY ACTING OR AGREEING TOACT AS THE AGENT (ATTORNEY-IN-FACT) UNDER THE TERMS OFTHIS POWER OF ATTORNEY.DATE: __________________  ______________________________________ 
 
(SIGNATURE OF AGENT) ______________________________________ (PRINT NAME OF AGENT)
 
UNIFORM STATUTORY FORM POWER OF ATTORNEY
 (California Probate Code Section 4401 Prob.)
 
NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING.THEY ARE EXPLAINED IN THE UNIFORM STATUTORY FORM POWER OF ATTORNEYACT (CALIFORNIA PROBATE CODE SECTIONS 4400 Prob.-4465 Prob.).
IF YOU HAVE ANY QUESTIONS ABOUT THESE POWERS, OBTAINCOMPETENT LEGAL ADVICE. THIS DOCUMENT DOES NOT AUTHORIZEANYONE TO MAKE MEDICAL AND OTHER HEALTH-CARE DECISIONSFOR YOU. YOU MAY REVOKE HIS POWER OF ATTORNEY IF YOULATER WISH TO DO SO.
 
I, __________________________________________________ (your nameand address) appoint ______________________________________________________________  ___ (
name and address of the person appointed, or of each person appointed if you want to designate more than one 
) as my agent (attorney-in-fact) to act forme in any lawful way with respect to the following initialed subjects:TO GRANT ALL OF THE FOLLOWING POWERS, INITIAL THE LINE INFRONT OF (N) AND IGNORE THE LINES IN FRONT OF THE OTHERPOWERS.TO GRANT ONE OR MORE, BUT FEWER THAN ALL, OF THEFOLLOWING POWERS, INITIAL THE LINE IN FRONT OF EACH POWERYOU ARE GRANTING.TO WITHHOLD A POWER, DO NOT INITIAL THE LINE IN FRONT OF IT.YOU MAY BUT NEED NOT, CROSS OUT EACH POWER WITHHELD.
 
INITIAL ______ (A) Real property transactions. ______ (B) Tangible personal property transactions. ______ (C) Stock and bond transactions. ______ (D) Commodity and option transactions. ______ (E) Banking and other financial institution transactions.

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