Fill and Sign the Springing General and Durable Power of Attorney District of Columbia Form

Springing General Power of Attorney NOTICE: THE POWERS GRANTED BY THIS DOCUMENT ARE BROAD AND SWEEPING. THEY ARE EXPLAINED IN THE UNIFORM STATUTORY FORM POWER OF ATTORNEY ACT OF 1998. IF YOU HAVE ANY QUESTIONS ABOUT THESE POWERS, OBTAIN COMPETENT LEGAL ADVICE. THIS DOCUMENT DOES NOT AUTHORIZE ANYONE TO MAKE MEDICAL AND OTHER HEALTH-CARE DECISIONS FOR YOU. YOU MAY REVOKE THIS POWER OF ATTORNEY IF YOU LATER WISH TO DO SO. I, ____________________ (Name of Principal) , of ____________________________ ______________________________ (street address) , District of Columbia, do hereby appoint ______________________ (Name of Attorney-in Fact) of ________________ ______________________________________ (street address, city, state, zip code) , as my Agent (Attorney-in-Fact) to act for me in any lawful way and in my name, place and stead, as follows: 1. To ask, demand, sue for, recover, collect, receive, and hold and possess all sums of money, debts, dues, goods, wares, merchandise, chattels, effects, bonds, notes, checks, drafts, accounts, deposits, safe deposit boxes, legacies, bequests, devises, interests, dividends, stock certificates, certificates of deposit, annuities, pension and retirement benefits, stock bonus plan and profit-sharing plan benefits, stock options, insurance benefits and proceeds, documents of title, choses in action, personal and real property, tangible and intangible property, and property rights and demands whatsoever, liquidated or unliquidated, and things of whatsoever nature or description which are now or hereafter shall be or become due, owing, payable or belonging to me in or by any right, title, ways, or means howsoever, and upon receipt thereof or of any part thereof to make, sign, execute, and deliver such receipts, releases or other discharges for the same as my attorney shall think fit or be advised. By way of illustration, and not by way of limitation, my attorney shall be empowered to enter and to make withdrawal, either in whole or in part, from any safe deposit box. 2. To commence, prosecute, discontinue, or defend all actions or other legal proceedings in any way affecting my estate or any part thereof or affecting any matter in which I or my estate may be in any way concerned; and to have, sue, and take all lawful ways and means and legal and equitable remedies, procedures, and writs in my name for the collection or recovery of any item or matter in which I have or may acquire an interest, and to compromise, settle, and agree for the same, and to make, execute, and deliver for me and in my name all endorsements, acquittances, releases, receipts, or other sufficient discharge for the same. 3. To lease, purchase, exchange, and acquire, and to bargain, contract, and agree for the lease, purchase, and exchange and acquisition of, and to take, receive, and possess any real or personal property whatsoever, tangible or intangible, or any interest therein, on such terms and conditions and under such covenants as my attorney shall deem proper. 4. To enter into and upon all of my real property, and to let, manage, and improve the same or any part thereof, and to repair or otherwise improve or alter, and to insure any buildings or structures thereon. 5. To sell, either at public or private sale, or exchange any part or parts of my real estate or personal property for such consideration and upon such terms as my attorney shall think fit, and to execute and deliver good and sufficient deeds or other instruments for the conveyance or transfer of the same, with such covenants of warranty or otherwise as my attorney shall see fit, and to give receipts for all or any part of the purchase price or other consideration. 6. To engage in and actively transact any and all lawful business of whatever nature or kind for me and in my name. 7. To sign, endorse, execute, acknowledge, deliver, receive, and possess such applications, contracts, agreements, options, covenants, deeds, conveyances, trust deeds, security agreements, bills of sale, leases, mortgages, assignments, insurance policies, bills of lading, warehouse receipts, documents of title, bills, bonds, debentures, checks, drafts, bills of exchange, notes, stock certificates, proxies, warrants, commercial paper, receipts, withdrawal receipts, and deposit instruments relating to accounts or deposits therein, or certificates of deposit of banks, savings and loan, or other institutions or associations, proofs of loss, evidences of debts, releases, and satisfaction of mortgages, judgments, liens, security agreements, and other debts and obligations, and other instruments in writing of whatever kind and nature as may be necessary or proper in the exercise of the rights and powers herein granted. By way of illustration, and not by way of limitation, my attorney shall be empowered to exercise any and all rights to ownership of insurance policies upon the life of any person or persons (other than any policies on the life of my Agent), annuities, pension and retirement benefits, stock bonus plan and profit-sharing plan benefits, and stock options, including specifically the right to change the beneficiary thereon to any person other than my said attorney. 8. To assign and convey all or any part of my assets (consisting of any property, real, personal, or mixed, tangible or intangible, of whatsoever kind and wheresoever located and whensoever acquired) into such trust or trusts as my attorney shall deem proper irrespective of whether said trust is now in existence or hereinafter established. My attorney shall be authorized to establish any such trust on such terms as my attorney shall deem to be in my best interests. 9. To deposit any monies which may come to my attorney as such attorney with any bank or banker or other person, either in my or my attorney's own name, and to employ or expend as my attorney shall think fit any of such money or any other money to which I am entitled which now is or shall be so deposited; to withdraw, in the payment of any debts or interest payable by me, or taxes, assessments, insurance, or expenses due and payable, or to become due and payable, on account of my real and personal estate, or in or about any of the purposes herein mentioned or otherwise for my use and benefit, or to invest in my attorney's own name or any nominee in any stocks, shares, bonds, securities, or other property, real or personal, as my attorney may think proper, and to receive and give receipts for any income or dividend arising from such investments, and to vary or dispose of such investments. 10. To borrow any sum or sums of money on such terms and with such security, whether real or personal property, as my attorney may think fit, and for that purpose to execute all promissory notes, bonds, mortgages, deeds of trust, security agreements, or other instruments that may be necessary or proper. 11. To engage, employ, compensate, and dismiss any agents, clerks, servants, attorneys at law, accountants, investment advisors, custodians, or other persons as my attorney shall think fit in the performance of the powers granted my attorney herein. This authority shall include employment of firms and companies in which my attorney owns an equity interest or in which my attorney otherwise has a pecuniary interest. 12. To vote at the meetings of stockholders or other meetings of any corporation or company, or otherwise to act as my attorney or proxy in respect of any stocks, shares, or other instruments now or hereafter held by me therein, and for that purpose to execute any proxies or other instruments. 13. To exercise any powers and any duties vested in me, whether solely or jointly, with any other or others as executor, administrator, or trustee, or in any other fiduciary capacity, so far as such power or duty is capable of validly being delegated. 14. In general, to do all other acts, deeds, matters, and things whatsoever in or about my estate, property, and affairs, or to concur with persons jointly interested with myself therein in doing all acts, deeds, matters, and things herein, either particularly or generally described, as fully and effectually to all intents and purposes as I could do in my own person if personally present and competent. This provision shall not be construed to include those decision-making powers granted to another Agent under a specific power of attorney for health care or a durable power of attorney with specific directives covering health care decisions. 15. This power of attorney will continue to be effective even though I become disabled, incapacitated, or incompetent. 16. EFFECTIVE DATE AND DISABILITY. Notwithstanding the foregoing, and anything to the contrary notwithstanding, the provisions of this General Power of Attorney, the rights, powers, and authorities of my Agent shall commence only upon my disability as hereinafter defined and shall remain in full force thereafter until said disability is terminated. Disability shall be defined as a substantial impairment of my ability to care for my property by reason of age, illness, infirmity, mental weakness, intemperance and/or addiction to drugs. For the purposes of the exercise of this general power by my Agent, my disability shall be conclusively determined by any one of the following: A. The filing of a petition in a court of law personally by me to appoint a guardian of my person or estate; B. A written declaration of my disability by me to my Agent; or C. A written declaration of my disability by my personal physician, ______________________ (Name of Physician) to me and to my attorney-in- fact. 1. Should my said physician die, cease to practice medicine in the District of Columbia, or fail to render a written opinion as to my disability within a reasonable time upon request by the person named as my attorney - in-fact, then, I request that _____________________ (Name of Physician) of _______________________________________________ (address) to render such an opinion. 2. I hereby bind myself to indemnify such physician or physicians who shall so act against any and all claims, demands, losses, damages, actions, and causes of action, including expenses, costs, and reasonable attorneys' fees which such physician or physicians at any time may sustain or incur in connection with this General Power of Attorney. 17. I agree that any third party who receives a copy of this document may act under it. Revocation of the power of attorney is not effective as to a third party until the third party learns of the revocation. I agree to indemnify the third party for any claims that arise against the third party because of reliance on this power of attorney. Witness my signature this the _____ day of __________________, 20____. __________________________ (Printed Name of Principal) __________________________ (Signature of Principal) Social Security No. ______________ District of Columbia This document was acknowledged before me on __________________ (date) by _______________________ (Name of Principal) . ___________________________ NOTARY PUBLIC My Commission Expires: ____________________ SEAL BY ACCEPTING OR ACTING UNDER THE APPOINTMENT, THE AGENT ASSUMES THE FIDUCIARY AND OTHER LEGAL RESPONSIBILITIES OF AN AGENT.