General Power of Attorney Form 1 - Free Download | Page 3
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if in the opinion of my attorney in fact I will probably remain incompetent during my lifetime.
17. In furtherance of such power, my attorney in fact is authorized to transfer assets, outright or in trust, to
or for the benefit of: a. organizations to which charitable contributions may be made under the Internal
Revenue Code, as amended, in which I would reasonably have an interest; b. my heirs at law who are
identifiable at the time of such transfer; or c. the devisees under my last validly executed will, if there be such
a will in existence at the time of such transfer; provided, however, that my attorney in fact shall have no power
to transfer such property to or for self benefit of himself or herself, the attorney's estate, creditors or the
creditors of the estate regardless of the eligibility of any such persons under either category b. or c. above.
18. This instrument is to be construed and interpreted as a general power of attorney. The enumeration of
specific items, acts, rights or powers in this agreement does not limit or restrict, and it is not to be construed or
interpreted as limiting or restricting, the general power in this agreement granted to my attorney in fact.
19. This general power of attorney revokes any previous powers of attorney granted by me. This power
of attorney may be voluntarily revoked only by my written revocation entered in the record of the County Clerk
of [County] County, __________.
20. This power of attorney shall not terminate on disability of the principal. No attorney in fact shall be
obligated to furnish bond or other security. My attorney in fact, and any successors, shall be entitled to
reasonable compensation for services rendered and reasonable reimbursement for expenses incurred.
21. Any authority granted to my attorney in fact in this agreement shall be limited so as to prevent this
power of attorney from causing my attorney in fact to be taxed on my income and from causing my estate to be
subject to a general power of appointment by my attorney in fact, as that term is defined in the Internal Revenue
Code, as amended. In this connection, it is my intention to give to my attorney in fact the general powers in this
agreement described, such powers to be used in the administration of my real and personal estate and for my
benefit or as I may direct in this agreement.
22. Any provision in this agreement to the contrary notwithstanding, any authority granted to my attorney
in fact in this agreement with respect to my interest in any policy of insurance insuring my attorney's life shall
be limited so as to prevent this power of attorney from causing my attorney in fact to possess any incident of
ownership with respect to such interest as that term is defined in the Internal Revenue Code, as amended. In
this connection, it is my intention to give my attorney in fact the general powers in this agreement described to
hold, receive and deliver any such policy of insurance in which I own an interest, but not otherwise to exercise
any right incident thereto, specifically but not by way of limitation, excluding the right to borrow against my
interest in such policy, to pledge such interest for a loan or loans, to surrender my interest in such policy, or to
change the beneficiary thereof either for my benefit or the benefit of another.
23. Words in the masculine gender in this agreement shall include the feminine and/or neuter and vice
versa.
24. I hereby ratify and confirm all that my attorney in fact or any successors shall lawfully do or cause to
be done by virtue of this power of attorney, and all the rights and powers granted in this agreement.
25. I bind myself to indemnify my attorney in fact and any successors who shall so act against any and all
claims, demands, losses, damages, actions, and causes of action, including expenses, costs, and reasonable
attorney fees that my attorney in fact at any time may sustain or incur in connection with carrying out the
authority granted in this power of attorney. My indemnity of the attorney in fact shall extend to the assets of my
estate after my death, and shall be applicable except for actual fraud of my attorney in fact. For the purposes
and consideration expressed above and for the time and effort that shall be devoted to my business affairs, I
release my attorney in fact for any and all actions, business investments, direct and/or consequential damages,
losses or liabilities that may occur as a result of the exercise of this power of attorney and I forever release my
attorney from any claims, causes of action, or rights, known or unknown, that I may have or ever have, as a
result of the exercise of this power of attorney, and I agree to hold harmless and indemnify my attorney in fact
for any and all actions taken on behalf of this power of attorney.
26. My death shall not revoke or terminate this agency as to the attorney in fact, or other person who,
without actual knowledge of my death, acts in good faith under this power of attorney. Any action so taken
unless otherwise invalid or unenforceable shall be binding upon me and my heirs, devisees, and personal
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