The seventh item in this list will deliver Principal “Tax Powers” to the Attorney-in-Fact through its wording. If the Principal wishes the Attorney-in-Fact to perform Principal functions with “Motor Vehicles” then he or she must initial the blank space corresponding to the sixth paragraph. The Principal can approve the Attorney-in-Fact’s use of Principal Power to represent his or her interests by performing Banking transactions with Financial Institutions by initialing the “Banking Powers” paragraph. Management Powers.” This will include tangible and intangible property the Principal manages or can manage. The “Management Powers” the Principal exerts can be assumed and wielded by the Attorney-in-Fact if the Principal initials the empty line attached to the label “4. The Principal should initial this Power description if he or she wishes to delegate it to the Attorney-in-Fact. This will involve a quite a few of Principal Actions – all of which are defined in this item. Power To Acquire, Lease, And Sell Real Property,” will give the Attorney-in-Fact the right to handle Real Property in the name of the Principal. The third type of Principal Power on this list, labeled “3. The second paragraph’s terminology will define how the Attorney-in-Fact may use Principal Authority to “Acquire, Lease and Sell Personal Property.” If the Attorney-in-Fact should be able to represent the Principal by undertaking the actions defined here, then the Principal should initial the blank line corresponding to the second item. The Principal’s Authority and “Power To Make Payments Or Collect Monies Owed” can be conferred to the Attorney-in-Fact if he or she initials the blank line attached to the number “1.” This type of Authority will enable the Attorney-in-Fact to use of Principal Power to perform actions such as “Make Any Payments” on Principal Accounts and “Collect And Request Any Sums That May Be Due” on behalf of the Principal. Note: Any list item in this section that is not initialed shall not be considered under the Attorney-in-Fact’s Principal Powers To do so, the Principal will have to initial each classification of Power where the Attorney-in-Fact will be able to wield the Principal Authority. The Attorney-in-Fact’s Full Name, Residential Street Address, and State should be furnished across these three blank spaces.Ģ – Several Categories Of Authority Have Been Produced For Principal ApprovalĪrticle I “Powers” is where the Principal will formally define the decisions and actions he or she will give the Attorney-in-Fact the Principal Authority to conduct on the Principal’s behalf. The next three available areas will serve a similar function. The first line is reserved for the Principal’s Name while the next two blank spaces have been provided for the Residential Street Address and State of the Principal We will use the first three blank lines to document the Full Name and Address of the Principal. This declaration will already have the structure required to utilize this information for the purpose at hand. The paragraph directly below the title will call for several items of information to be provided where requested. Use the blank line in the title to complete it with the Principal’s Full and Legal Name. The title of this document shall be the first item where information must be directly input. Signing Requirements ( RCWA 11.125.050) – Two (2) Witnesses or Notary Public.ġ – Prepare This Document’s Introduction With Some Preliminary Information.Authority ( RCWA 11.125.260) – An agent under a power of attorney may act on behalf of the principal and exercise broad authority as granted by the agreement.
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