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202100578
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Last modified
1/22/2021 9:58:31 AM
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1/22/2021 9:58:29 AM
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DEEDS
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202100578
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r <br />IMPORTANT INFORMATION FOR AGENT <br />Agent Duties <br />2(2,100578 <br />When you accept the authority granted under this power of attorney, a special legal relationship is <br />created between you and the principal. This relationship imposes upon you legal duties that continue <br />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 Specific 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 <br />to 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 <br />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 power <br />of attorney or you authority under this power of attorney. Events that terminate a power of attorney <br />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 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, <br />or for your legal separation, unless the Special Instructions in this power of attorney state that <br />such an action will not termination your authority. <br />
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