Durable Power of Attorney for Finances

Durable Power of Attorney for Finances

I, [name] who resides at

[address], do hereby appoint

who resides at [address]

to act in the capacity of my agent. If this person should be unable to fulfill his/her

appointment due to death, illness or unwillingness, then I appoint

[name] who resides at [address] as

successor agent.

I grant the following powers and authority to my agent appointed above:

Power to execute generally:

To execute any written instrument regardless of the nature, including but not

limited to checks, contracts, agreements or drafts.

Power to make property transactions:

Regarding all property and property rights of mine, whether now or hereafter

owned by me or due to me, my attorney-in-fact shall have the power:

To receive income owed me on my property and to execute and deliver any

receipts, releases or discharges relating to this income.

To sell, lease, transfer or exchange any of my property as my attorney considers

appropriate at competitive prices and with any other terms and conditions as may be

required; and to execute and deliver any deeds, leases, powers of attorney or other

agreements or covenants that my attorney considers appropriate;

To make demand and to institute, maintain and prosecute, compromise, settle or

dismiss actions for the recovery, collection and receipt of any goods, chattels, debts,

claims, demands, rents, duties or choices in action due me, and to defend any action that

may be instituted against me;

To contract and pay for any services or goods required by my dependents or me.

Power to engage in banking and investing:

To engage in any banking transactions, including but not limited to signing my

name, and to withdraw money deposited in my name in any bank, including entering into

my safe deposit box, opening new accounts or closing accounts;

To pay any debt, claims and demands for which I may liable, and regardless of

how they are evidenced;

To sign, endorse, execute and deliver written instruments which I would at any

time execute or endorse, including but not limited to promissory notes, acceptances,

renew checks or other evidences of indebtedness;

To settle claims and demands for which I am liable, or which are due me, and

execute any written documents pertaining to these transactions including but no limited to

receipts, releases and discharges;

To grant extensions in situations including but not limited to debts owed me,

claims made by me or demands due me;

To invest my money in such loans, bonds, notes, common, preferred or other

stocks, securities, mortgages, annuities, real estate, partnership interests or other property,

real or personal, as my attorney considers appropriate;

To exercise, buy or sell any options or exchange conversion, and/or subscription

rights for any securities or other property; to vote securities; to consent to, or dissent

from, the reorganization, re-capitalization, consolidation, merger, liquidation or charter

amendment of any corporation or other organization, any of the securities of which may

at any time be held by me; to consent to, or dissent from, the sale, mortgage, pledge, lease

or distribution of any of the property of any such corporation or other property with any

protective, reorganization or similar committee, delegate discretionary power thereto and

pay and agree to pay related expenses and assessment; and in general to do any act with

reference to the matters in this paragraph which my attorney may deem necessary or

advisable in connection therewith, such as the granting of proxies, making of agreements

or subscriptions and the payment of expenses, assessments or subscriptions;

To borrow money for me from the attorney personally or others, upon any terms

and conditions, at any time or times, and for any purpose, all as my attorney considers

appropriate; and to execute and deliver any bond, note or other written evidence of debt,

and, as security therefore, to give any mortgage, deed of trust or other security instrument

as to any of my property and to endorse, assign, pledge and hypothecate any securities,

insurance policies or other tangible or intangible personal property;

Power to handle legal affairs:

To employ and compensate attorneys, accountants and other agents with personal

liability for neglect or wrongdoing of any of them selected with reasonable care;

To represent me before any administrative or judicial body in any proceeding;

Power to obtain insurance:

To effect insurance upon any property owned by me in any reasonable amounts

and on any reasonable terms my attorney considers appropriate; to sign an application or

other document to obtain such insurance; to surrender and rescind any insurance policy

obtained by either my attorney or me; and to assign any policy upon any of my property;


Power to pay taxes:

To execute any federal, state, county, municipal or other income, gift or property

tax returns or declarations of estimated tax and to exercise related options;

I give my attorney-in-fact full authority to perform every necessary and proper act

as fully as I could if personally present, with full power of substitution and revocation,

hereby ratifying and confirming all that my attorney-in-fact or substitute shall so lawfully

do. The rights, power and authority to my attorney-in fact that I now grant shall become

effective (choose one below):

as soon as I affix my signature to this document; or

upon my incapacity or disability, which shall be certified by two


Such rights, power and authority shall remain in force and effect until terminated

by written notice given by me to my attorney-in-fact.

If it becomes necessary for a court to appoint a guardian or a conservator for me, I

nominate my agent or successor agent named above to be guardian or conservator.

This power of attorney shall not be affected by disability of the principal. I intend

my attorney to have all of the foregoing powers irrespective of my capacity from time to

time to act for myself. I also intend that any action taken hereunder by my said attorney

in good faith after my death, but without actual knowledge of my death, and which is

otherwise valid and enforceable, shall inure to the benefit of myself and my heirs,

devisees and personal representatives.

IN WITNESS WHEREOF, I have hereunto set my hand at ____________

[your signature], this _______________ day of ________________, 20___.

______________________________ _________________________________

Witness Signature

STATE OF ________________

COUNTY OF ______________, to wit:

I HEREBY CERTIFY that on this _________ day of _______________, 20 ____,

before me, the subscriber, a Notary Public in and for the State of _______________,

County of ___________________, personally appeared _____________________[name],

known to me or satisfactorily proven to be the person whose name is subscribed to the

within instrument, and acknowledged that s/he executed the same for the purposes therein


WITNESS my hand and notarial seal.


Notary Public

My commission expires: _________


The forgoing instrument was signed, published and declared by

as his/her Durable Power of Attorney for Finances in the presence of us and we, at his/her

request, and in his/her presence, and the presence of each other, have hereunto subscribed

our names as witnesses the day and year written above.








IMPORTANT NOTE: This sample legal document is provided for informational purposes only and may or

may not be valid in your particular state. This sample legal document also may not include the particular

provisions you need. We strongly recommend that you consult a competent family or estate planning

attorney who is familiar with these issues. This sample legal document in no way constitutes, and should

not be relied upon, as legal advice.