Below are different types of Texas power of attorney forms:
General POA
This type of agreement allows you to assign authority to a credible person to manage your finances in your name. However, the document is rendered invalid if the grantor dies or becomes physically or mentally incapacitated.
Durable POA
This POA has similar functions as the general power of attorney since it permits the agent to handle the grantor’s financial affairs. However, it differs because its validity remains constant after the principal suffers incapacitation.
Limited POA
You can use this type of POA to assign particular instructions to an agent to conduct your affairs. The agreement is limited to specific assignments and decisions that the agent is supposed to exercise. It is a special kind of form that can accomplish your legal needs.
Guardian of Minor Child POA
When a parent wants to travel overseas for an extended period, the child power of attorney is the legal document to use in such a circumstance. It permits the parent to bestow an agent the role of a decision-maker in case of any emergency. However, this arrangement is usually temporary until the parent returns. Also, there is an option to create another legal form to select a substitute guardian if the original agent becomes incapacitated in the parent’s absence.
Medical POA
If a principal falls ill and is incapable of communicating their decisions to physicians over his/her health, medical power of attorney is used to allow the agent to make critical decisions. For example, if the principal has dementia, deciding on particular treatments is a challenge. Hence, a private attorney exercises the stated powers to secure the grantor’s welfare.
Revocation POA
When a grantor wants to annul an existing power of attorney form, he/she can use a revocation POA. It only requires the grantor’s signature and mental capability for validity. Such a proxy is used to end the relationship between the principal and the private attorney.
Vehicle PO
The Texas power of attorney, also called Form VTR-271, is a legal agreement that permits the attorney-in-fact to carry out all the vehicle transactions. Whether it is buying, selling, or communicating with the Motor Vehicle Department of Texas, the agent can also fill in all the paperwork.
Tax POA
A grantor can issue authority to a private attorney to prepare and file his/her taxes using this Texas tax power of attorney form. It is also called Form 86-113 in the state of Texas. The agent should be an expert in taxation to handle the process with professionalism while liaising with the Revenue Department of Texas.
Real Estate POA
This document permits you to issue authority to a private attorney to manage your real estate business in your name as the grantor. It allows the agent to execute certain transactions, such as buying, selling, or renting out property.