201800267 - Laserfiche WebLink

Browse

Agent Duties When you accept the authority granted under this power of attorney, a special legal relationship is created between you and the principal. This relationship imposes upon you legal duties that continue until you resign or the power of attorney is terminated or revoked. You must: 1. do what you know the principal reasonably expects you to do with the principal's property or, if you do not know the principal's expectations, act in the principal's best interest; 2. act in good faith; 3. do nothing beyond the authority granted in this power of attorney; and 4. disclose your identity as an agent whenever you act for the principal by writing or printing the name of the principal and signing your own name as "agent" in the following manner: (Principal's Name) by (Your Signature) as Agent Unless the Specific Instructions in this power of attorney state otherwise, you must also: 1. act loyally for the principal's benefit; 2. avoid conflicts that would impair your ability to act in the principal's best interest; 3. act with care, competence, and diligence; 4. keep a record of all receipts, disbursements, and transactions made on behalf ofthe principal; 5. cooperate with any person that has authority to make health -care decisions for the principal to do what you know the principal reasonably expects or, if you do not know the principal's expectations, to act in the principal's best interest; and 6. attempt to preserve the principal's estate plan if you know the plan and preserving the plan is consistent with the principal's best interest. Termination of Agent's Authority IMPORTANT INFORMATION FOR AGENT 201800267 You must stop acting on behalf of the principal if you Learn of any event that terminates this power of attorney or you authority under this power of attorney. Events that terminate a power of attorney or your authority to act under a power of attorney include: 1. death of the principal; 2. the principal's revocation of the power of attorney or your authority; 3. the occurrence of a termination event stated in the power of attorney; 4. the purpose of the power of attorney is fully accomplished; or 5. if you are married to the principal, a legal action is filed with a court to end your marriage, or for your legal separation, unless the Special Instructions in this power of attorney state that such an action will not termination your authority.