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201801500
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Last modified
12/9/2019 6:14:25 PM
Creation date
3/12/2018 3:44:08 PM
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DEEDS
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201801500
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201801500 <br />IMPORTANT INFORMATION FOR AGENT <br />The purpose of a Durable Power of Attorney is to give at least one representative, (the Agent), the <br />authority and right to act on behalf of the Principal in the event of an absence. <br />Agent's Duties <br />When you accept the authority granted under this Durable Power of Attorney, a special legal relation- <br />ship is created between you and the Principal. This relationship imposes upon you legal duties that <br />continue until you resign or the Durable 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 or, if <br />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 Durable Power of Attorney; and <br />(4) disclose your identity as Agent whenever you act for the Principal by writing or printing the name <br />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 Durable 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 do <br />what you know the Principal reasonably expects or, if you do not know the Principal's expectations, <br />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 Durable <br />Power of Attorney or your authority under this Durable Power of Attorney. Events that terminate a <br />Durable Power of Attorney or your authority to act under a Durable Power of Attorney include: <br />(1) death of the Principal; <br />(2) the Principal's revocation of the Durable Power of Attorney or your authority; <br />(3) the occurrence of a termination event stated in the Durable Power of Attorney; <br />(4) the purpose of the Durable Power of Attorney is fully accomplished; or <br />(5) if you are married to the Principal, a legal action is filed with a court to,end your marriage, or for <br />your legal separation, unless the Special Instructions in this Durable Power of Attorney state that <br />such an action will not terminate your authority. <br />Liability of Agent <br />If you violate your duty under this Durable Power of Attorney you may be liable for damages caused <br />by your violation. <br />If there is anything about this document or your duties that you do not understand, seek legal ad- <br />vice. <br />
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