Legal Estate LPA Agreement

LEGAL ESTATE LPA AGREEMENT

This Legal Estate Lasting Power of Attorney Agreement (the Agreement) is made on between Donor Name: of Address: (the Donor), and Attorney Name: of Address: (the Attorney).

RECITALS

WHEREAS the Donor is competent and intends to grant the Attorney authority to act on the Donor's behalf with respect to the Donor's estate, property and financial affairs as set forth below;

WHEREAS the Attorney has accepted the responsibilities of this appointment and agrees to act in accordance with the duties, standards and limitations contained in this Agreement and applicable law;

WHEREAS the Donor desires the Attorney to have the powers necessary to manage, preserve and dispose of the Donor's estate and to make financial decisions for the Donor in the event of incapacity or as otherwise provided in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. DEFINITIONS

1.1 "Donor" means the person identified above who grants authority under this Agreement. "Attorney" means the person identified above who accepts that authority. "Powers" means the authorities granted in Section 3. Terms not otherwise defined have the meanings given in applicable statute.

2. APPOINTMENT

2.1 The Donor hereby appoints the Attorney to be the Donor's lawful attorney-in-fact with respect to the Donor's estate, property and financial affairs effective on the date set forth below and continuing until revoked in accordance with Section 7.

Effective Date:

3. SCOPE OF POWERS

3.1 The Attorney is authorized to exercise the following powers on behalf of the Donor. These powers shall be exercised for the benefit of the Donor and in accordance with fiduciary duties, applicable law and any limitations in Section 4.

Property and financial affairs including, without limitation, managing bank accounts, investment accounts, real property, leases, taxes, and retirement accounts.

Personal welfare decisions to the extent permitted by law, including arrangements for care and payment for services when the Donor lacks capacity to make such decisions.

Estate planning acts including creating, amending or revoking trusts, consenting to or executing estate planning documents, and entering into transactions reasonably necessary to effectuate estate plans.

4. SPECIAL INSTRUCTIONS AND LIMITATIONS

4.1 The Attorney shall not: (a) make a gift of the Donor's property except as expressly authorized in writing herein; (b) change the Donor's testamentary dispositions unless expressly authorized; or (c) transfer the Donor's primary residence except with prior written consent of the Donor while competent or pursuant to a court order.

5. DUTIES AND STANDARD OF CARE

5.1 The Attorney shall act honestly, in good faith and with reasonable care, skill and diligence. The Attorney shall avoid conflicts of interest, maintain separate records and accounts for funds held for the Donor, and keep the Donor's property distinct from the Attorney's own property.

5.2 The Attorney shall provide a written account of actions taken on behalf of the Donor upon the Donor's reasonable request or at the direction of a court of competent jurisdiction.

6. SUCCESSOR ATTORNEYS

6.1 If the Attorney is unable or unwilling to serve, the Primary Successor Attorney named above shall assume the powers and duties under this Agreement upon providing written acceptance.

7. REVOCATION AND TERMINATION

7.1 This appointment may be revoked by the Donor at any time by a written instrument delivered to the Attorney and, if applicable, to any registry required by law. Termination does not affect actions lawfully taken by the Attorney before actual receipt of notice of revocation by third parties relying in good faith on the Attorney's authority.

8. THIRD-PARTY RELIANCE

8.1 Third parties, including financial institutions and government agencies, may rely on a certificate signed by the Attorney confirming the Attorney's authority under this Agreement. A third party who acts in good faith and without actual knowledge of revocation is protected from liability.

9. COMPENSATION AND EXPENSES

10. NOTICES

11. AMENDMENT; WAIVER

11.1 This Agreement may be amended only by a written instrument signed by the Donor and the Attorney. No waiver of any provision shall be effective unless in writing and signed by the party granting the waiver.

12. GOVERNING LAW

12.1 This Agreement shall be governed by and construed in accordance with the laws of the state specified for governing_law: without regard to conflict of laws principles.

13. ENTIRE AGREEMENT; SEVERABILITY

13.1 This Agreement constitutes the entire agreement between the parties regarding the subject matter and supersedes all prior discussions and agreements. If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect.

14. COUNTERPARTS; EXECUTION

14.1 This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Signatures transmitted by electronic means shall be treated as originals for all purposes.

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