Laserfiche WebLink
IMPORTANT INFORMATION FOR AGENT <br />Agent's Duties <br />201808171 • <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 <br />property or, if you do not know the principal's expectations, act in the principal's best <br />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 <br />printing the name of the principal and signing your own name as "agent" in the <br />following manner: George B. Lomasney by Samantha R. Lomasney, 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 <br />principal; <br />5. Cooperate with any person that has authority to make health care decisions for the <br />principal to do what you know the principal reasonably expects or, if you do not know <br />the principal's 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 <br />plan is 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 <br />marriage, or for your legal separation, unless the Special Instructions in this Power of <br />Attorney state that such an action will not terminate your authority. <br />5 of 6 <br />