Durable Power of Attorney

Designate a trusted person to manage your financial and legal affairs if you become unable to do so yourself.

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Important: A Power of Attorney is a legally binding document. We strongly recommend having it reviewed by a qualified attorney. Find a Legal Professional

Reviewing a sample Power of Attorney with example data highlighted in yellow.

DURABLE POWER OF ATTORNEY

For Financial and Legal Matters

ARTICLE I — PRINCIPAL

I, Robert James Thompson, residing at 742 Evergreen Terrace, Phoenix, AZ 85001, born on March 15, 1952, being of sound mind and under no duress or undue influence, do hereby declare this to be my Durable Power of Attorney for financial and legal matters.

ARTICLE II — APPOINTMENT OF AGENT

I hereby appoint David Michael Thompson, residing at 1234 Oak Street, Scottsdale, AZ 85251, my son, as my Agent (Attorney-in-Fact) to act on my behalf in all financial and legal matters as specified herein.

Agent's contact: (602) 555-1234 | david.thompson@email.com

ARTICLE III — ALTERNATE AGENT

If my designated Agent is unable or unwilling to serve, I appoint Susan Thompson-Clark, residing at 5678 Maple Avenue, Mesa, AZ 85201, my daughter, as my Alternate Agent with the same powers and authority.

ARTICLE IV — POWERS GRANTED

I grant my Agent the following powers to act on my behalf:

  • Banking & Financial: Access, manage, and conduct transactions on all bank accounts, investment accounts, and retirement accounts.
  • Real Property: Buy, sell, lease, manage, and maintain any real estate I own.
  • Personal Property: Buy, sell, and manage tangible and intangible personal property.
  • Tax Matters: Prepare, sign, and file tax returns; handle IRS and state tax matters.
  • Insurance: Manage insurance policies, file claims, and collect benefits.
  • Government Benefits: Apply for and manage Social Security, Medicare, Medicaid, and other government benefits.
  • Legal Proceedings: Initiate, defend, or settle legal claims and proceedings on my behalf.
  • Business Operations: Manage any business interests I hold.

ARTICLE V — EFFECTIVE DATE & DURABILITY

This Power of Attorney shall become effective immediately upon execution and shall not be affected by my subsequent disability or incapacity. This is a durable power of attorney as defined under applicable state law.

ARTICLE VI — LIMITATIONS

My Agent shall NOT have the power to: make gifts of my property (except for customary gifts not exceeding $500 per recipient per year), change beneficiary designations on my life insurance or retirement accounts, or create, amend, or revoke my will or trust.

ARTICLE VII — AGENT COMPENSATION

My Agent shall be entitled to reasonable compensation for services rendered and reimbursement of reasonable expenses incurred while acting under this Power of Attorney.

ARTICLE VIII — REVOCATION

I reserve the right to revoke this Power of Attorney at any time by written notice to my Agent. This Power of Attorney shall terminate upon my death or by order of a court of competent jurisdiction.

ARTICLE IX — GOVERNING LAW

This Power of Attorney shall be governed by the laws of the State of Arizona.

SIGNATURES

Principal:

Robert James Thompson

Date

Agent Acceptance:

David Michael Thompson

Date

Witnesses:

Witness 1 Signature

Name: Michael R. Anderson

Address: 321 Pine St, Phoenix, AZ

Witness 2 Signature

Name: Patricia L. Nguyen

Address: 654 Elm Ave, Phoenix, AZ

Notary Acknowledgment

State of Arizona, County of Maricopa

On this _____ day of _______________, 20____, before me, a Notary Public, personally appeared Robert James Thompson, known to me (or proved on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument, and acknowledged that they executed the same in their authorized capacity.

Notary Public

My commission expires: _______________

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