The California Durable Power of Attorney is to be used when you want to assign someone who you trust to act or make decisions related to your finance, real property and your personal property on your behalf. The agent or the attorney-in-fact you appoint will have the authority to manage, to sell or to dispose off all of your personal and real properties including money. This power of attorney is durable, which means it will stay in effect even if you become incapable of making decisions on your own. This power of attorney can only be used in the State of California.
How to Fill the California Durable Power of Attorney Form
The document begins with important instructions explaining the powers and its importance and dept followed by the name and the signature of the agent or attorney confirming that they have gone through the same and understand their responsibility and will abide it and make decisions which they feel are in best interest of the principal. This agreement shall stay in effect till the demise of the principal or if the principal revokes or terminates the same voluntarily.
The next section requires the full and legal name of the principal (first, middle, last) and the complete address with the zip code followed by the full and legal name of the agent (first, middle, last) and the complete address with the zip code confirming the appointment of the agent for taking decisions on behalf of the principal in matters related to their real and personal property.
After that, a list of sectors is mentioned from which the principal needs to choose the ones which they want the agent to represent them in. The list includes; Real Property Transactions, Tangible personal property transactions, Stock & Bond Transactions, Commodity and option transactions, Banking and other financial institution transactions, Business operating transactions, Insurance and annuity transactions, Estate, trust, and other beneficiary transactions, Claims & Litigations, Personal and Family Maintenance, Benefits from Social Security, Medicare, Medicaid, or other governmental programs, or military service, Retirement Plan Transactions, Tax Matters and if you wish to allot all the powers aforementioned then choose the last option which says “ALL OF THE POWERS LISTED ABOVE”. In the field given after the same special instructions limiting or extending the powers can be mentioned. These powers take effect immediately.
These powers can be delegated to any person the agent feels fit to handle and the agent is also entitled to a compensation for the services rendered by them. If the primary agent is unable or unavailable to perform the given tasks, a secondary or successor agent can also be appointed for the same by mentioning their full name and complete address in the section after the above.
Lastly, the principal needs to sign the document below the undertaking confirming the transfer of power to the agent along with their social security number. This document also has to be notarized by the Notary Public for it to be considered legal followed by that the agent needs to sign the document along with their full name acknowledging the same. This document also has to be named and signed by the person who prepared it.
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California Durable Power of Attorney Form
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California Durable Power of Attorney Form