General Durable Power of Attorney
Effective Upon Execution
I, JUAN MARQUIS xxxxxxxx, a residing at 1234 Here Coast Rd,
somewhere RIVERSIDE COUNTY, CALIFORNIA; xxx-xx-xxxx
designate Juan Marquis xxxxxxxx, presently residing at 1234
Here Coast Rd, somewhere RIVERSIDE COUNTY, CALIFORNIA,
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. 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. 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. iii) Borrow. To borrow money, to execute promissory
notes therefor, and to secure any obligation by mortgage
or pledge.
iv. 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;
v. 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. 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. 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. viii) Legal and Administrative Proceedings. To
engage in any administrative or legal proceedings or
lawsuits in connection with any matter herein;
ix. 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. 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. 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.
xii. 3) Durability. This durable Power of Attorney shall be
irrevocable until the trust corpus is surrendered by the trustees,
shall not be affected by my death or disability except as
provided by law, and shall continue in effect after the surrender
of the trust corpus until my death or until revoked by me in
writing.
xiii. 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 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.
xiv. 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.
xv. 6) Original Counterparts. Photocopies of this signed
Power of Attorney shall be treated as original counterparts.
xvi. 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.
xvii. 8) Compensation. The Agent shall be reimbursed for
reasonable expenses incurred while acting as Agent and may
receive reasonable compensation for acting as Agent.
xviii. 9) Substitute Agent. If Juan Marquis xxxxxxxx is, at
any time, unable or unwilling to act, I then appoint Priscila Fay
xxxxxxxx, presently residing at 1234 Here Coast Rd,
somewhere RIVERSIDE COUNTY, CALIFORNIA as my Agent.
Dated: March 9th 2024
_______________________________
Juan Marquis xxxxxxx
Signed in the presence of:
_______________________________
Priscila xxxxxxxxxxxxx
_______________________________
Jay xxxxxxxxxxxx
Subscribed and sworn to before me on [DATE].
____________________________________
Notary Public, [COUNTY, STATE]
My commission expires ______________.
