"General Durable Power of Attorney Template" - Wyoming

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General Durable Power of Attorney
Effective Upon Execution
I, ______________________, a resident of __________________, Wyoming;
Social
Security
Number
____-___-______
designate
________________________, presently residing at ______________________,
___________, Wyoming, _________, as my attorney in fact (referred to as “the
Agent”) on the following terms and conditions:
1) Authority to Act. The Agent is authorized to act for me under this Power of
Attorney and shall exercise all powers in my best interests and for my welfare.
2) Powers of Agent. The Agent shall have the full power and authority to manage
and conduct all of my affairs, and to exercise my legal rights and powers,
including those rights and powers that I may acquire in the future, including the
following:
i) Collect and Manage. To collect, hold, maintain, improve, invest, lease, or
otherwise manage any or all of my real or personal property or any
interest therein;
ii) Buy and Sell. To purchase, sell, mortgage, grant options, or otherwise
deal in any way in any real property or personal property, tangible or
intangible, or any interest therein, upon such terms as the Agent
considers proper, including the power to buy United States Treasury
Bonds that may be redeemed at par to pay federal estate tax and to sell or
transfer Treasury securities;
iii) Borrow. To borrow money, to execute promissory notes therefore, and to
secure any obligation by mortgage or pledge.
iv) Business and Banking. To conduct and participate in any kind of lawful
business of any nature or kind, including the right to sign partnership
agreements, continue, reorganize, merge, consolidate, recapitalize, close,
liquidate, sell, or dissolve any business and to vote stock, including the
exercise of any stock options and the carrying out of any buy sell
agreement; to receive and endorse checks and other negotiable paper,
deposit and withdraw funds (by check or withdrawal slips) that I now
have on deposit or to which I may be entitled in the future in or from any
bank, savings and loan, or other institution;
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General Durable Power of Attorney
Effective Upon Execution
I, ______________________, a resident of __________________, Wyoming;
Social
Security
Number
____-___-______
designate
________________________, presently residing at ______________________,
___________, Wyoming, _________, as my attorney in fact (referred to as “the
Agent”) on the following terms and conditions:
1) Authority to Act. The Agent is authorized to act for me under this Power of
Attorney and shall exercise all powers in my best interests and for my welfare.
2) Powers of Agent. The Agent shall have the full power and authority to manage
and conduct all of my affairs, and to exercise my legal rights and powers,
including those rights and powers that I may acquire in the future, including the
following:
i) Collect and Manage. To collect, hold, maintain, improve, invest, lease, or
otherwise manage any or all of my real or personal property or any
interest therein;
ii) Buy and Sell. To purchase, sell, mortgage, grant options, or otherwise
deal in any way in any real property or personal property, tangible or
intangible, or any interest therein, upon such terms as the Agent
considers proper, including the power to buy United States Treasury
Bonds that may be redeemed at par to pay federal estate tax and to sell or
transfer Treasury securities;
iii) Borrow. To borrow money, to execute promissory notes therefore, and to
secure any obligation by mortgage or pledge.
iv) Business and Banking. To conduct and participate in any kind of lawful
business of any nature or kind, including the right to sign partnership
agreements, continue, reorganize, merge, consolidate, recapitalize, close,
liquidate, sell, or dissolve any business and to vote stock, including the
exercise of any stock options and the carrying out of any buy sell
agreement; to receive and endorse checks and other negotiable paper,
deposit and withdraw funds (by check or withdrawal slips) that I now
have on deposit or to which I may be entitled in the future in or from any
bank, savings and loan, or other institution;
Page 1 of 4
v) Tax Returns and Reports. To prepare, sign, and file separate or joint
income, gift, and other tax returns and other governmental reports and
documents; to consent to any gift; to file any claim for tax refund; and to
represent me in all matters before the Internal Revenue Service;
vi) Safe Deposit Boxes. To have access to any safety deposit box registered
in my name alone or jointly with others, and to remove any property or
papers located therein;
vii)
Proxy Rights. To act as my agent or proxy for any stocks, bonds,
shares, or other investments, rights, or interests I may now or hereafter
hold;
viii) Legal and Administrative Proceedings. To engage in any
administrative or legal proceedings or lawsuits in connection with any
matter herein;
ix) Transfers in Trust. To transfer any interest I may have in property,
whether real or personal, tangible or intangible, to the trustee of any trust
that I have created for my benefit;
x) Delegation of Authority. To engage and dismiss agents, counsel, and
employees, in connection with any matter, upon such terms as my agent
determines;
xi) Restrictions on Agent’s Powers. Regardless of the above statements,
my agent (1) cannot execute a will, a codicil, or any will substitute on my
behalf; (2) cannot change the beneficiary on any life insurance policy that
I own; (3) cannot make gifts on my behalf; and (4) may not exercise any
powers that would cause assets of mine to be considered taxable to my
agent or to my agent’s estate for purposes of any income, estate, or
inheritance tax, and (5) cannot contravene any medical power of attorney
I have executed whether prior or subsequent to the execution of this
Power of Attorney.
3) Durability. This durable Power of Attorney shall not be affected by my death
or disability except as provided by law, and shall continue in effect until my
death or until revoked by me in writing.
4) Reliance by Third Parties. Third parties may rely upon the representations of
the Agent as to all matters regarding powers granted to the Agent. No person
who acts in reliance on the representations of the Agent or the authority granted
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under this Power of Attorney shall incur any liability to me or to my estate for
permitting the Agent to exercise any power prior to actual knowledge that the
Power of Attorney has been revoked or terminated by operation of law or
otherwise.
5) Indemnification of Agent. No agent named or substituted in this power shall
incur any liability to me for acting or refraining from acting under this power,
except for such agent’s own misconduct or negligence.
6) Original Counterparts. Photocopies of this signed Power of Attorney shall be
treated as original counterparts.
7) Revocation. I hereby revoke any previous Power of Attorney that I may have
given to deal with my property and affairs as set forth herein.
8) Compensation. The Agent shall be reimbursed for reasonable expenses
incurred while acting as Agent but may not receive compensation for acting as
Agent.
9) Substitute Agent. If ______________________ is, at any time, unable or
unwilling to act, I then appoint ____________________, presently residing at
_________________, ___________, Wyoming, _________, as my Agent.
Dated: ____________
_______________________________
Signature
_______________________________
Signed in the presence of:
_______________________________
[WITNESS]
_______________________________
[WITNESS]
Subscribed and sworn to before me on _______________.
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County of
____________ )
)
State of _______________ )

____________________

Notary Public
My commission expires ______________.
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