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201707117
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Last modified
12/9/2019 6:38:44 PM
Creation date
10/19/2017 2:49:59 PM
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DEEDS
Inst Number
201707117
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IMPORTANT INFORMATION FOR AGENT <br />201707117 <br />Agent's Duties <br />When you accept the authority granted under this power of attorney, a special legal relationship <br />is created between you and the principal. This relationship imposes upon you legal duties that <br />continue until you resign or the power of attorney is terminated or revoked. You must: <br />1. do what you know the principal reasonably expects you to do with the principal's property <br />or, if you do not know the principal's expectations, act in the principal's best interest; <br />2. act in good faith; <br />3. do nothing beyond the authority granted in this power of attorney; and <br />4. disclose your identity as an agent whenever you act for the principal by writing or printing <br />the name of the principal and signing your own name as "agent" in the following manner: <br />(Principal's Name) by (Your Signature) as Agent <br />Unless the Special Instructions in this power of attorney state otherwise, you must also: <br />1. act loyally for the principal's benefit; <br />2. avoid conflicts that would impair your ability to act in the principal's best interest; <br />3. act with care, competence, and diligence; <br />4. keep a record of all receipts, disbursements, and transactions made on behalf of the principal; <br />5. cooperate with any person that has authority to make health care decisions for the principal to <br />do what you know the principal reasonably expects or, if you do not know the principal's <br />expectations, to act in the principal's best interest; and <br />6. Attempt to preserve the principal's estate plan if you know the plan and preserving the plan is <br />consistent with the principal's best interest. <br />Termination of Agent's Authority <br />You must stop acting on behalf of the principal if you learn of any event that terminates this <br />power of attorney or your authority under this power of attorney. Events that terminate a power <br />of attorney or your authority to act under a power of attorney include: <br />1. death of the principal; <br />2. the principal's revocation of the power of attorney or your authority; <br />3. the occurrence of a termination event stated in the power of attorney; <br />4. the purpose of the power of attorney being fully accomplished; or <br />5. if you are married to the principal, a legal action filed with a court to end your marriage, or <br />for your legal separation, unless the Special Instructions in this power of attorney state that <br />such an action will not terminate your authority. <br />Liability of Agent <br />The meaning of the authority granted to you is defined in the Nebraska Uniform Power of <br />Attorney Act. If you violate the Nebraska Uniform Power of Attorney Act or act outside the <br />authority granted, you may be liable for any damages caused by your violation. <br />If there is anything about this document or your duties that you do not understand, you should <br />seek legal advice. <br />
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