NRS 162A.620
Power of attorney.
1.
THIS DOCUMENT GIVES THE PERSON YOU DESIGNATE AS YOUR AGENT THE POWER TO MAKE DECISIONS CONCERNING YOUR PROPERTY FOR YOU. YOUR AGENT WILL BE ABLE TO MAKE DECISIONS AND ACT WITH RESPECT TO YOUR PROPERTY (INCLUDING YOUR MONEY) WHETHER OR NOT YOU ARE ABLE TO ACT FOR YOURSELF.2.
THIS POWER OF ATTORNEY BECOMES EFFECTIVE IMMEDIATELY UNLESS YOU STATE OTHERWISE IN THE SPECIAL INSTRUCTIONS.3.
THIS POWER OF ATTORNEY DOES NOT AUTHORIZE THE AGENT TO MAKE HEALTH CARE DECISIONS FOR YOU.4.
THE PERSON YOU DESIGNATE IN THIS DOCUMENT HAS A DUTY TO ACT CONSISTENT WITH YOUR DESIRES AS STATED IN THIS DOCUMENT OR OTHERWISE MADE KNOWN OR, IF YOUR DESIRES ARE UNKNOWN, TO ACT IN YOUR BEST INTERESTS.5.
YOU SHOULD SELECT SOMEONE YOU TRUST TO SERVE AS YOUR AGENT. UNLESS YOU SPECIFY OTHERWISE, GENERALLY THE AGENT’S AUTHORITY WILL CONTINUE UNTIL YOU DIE OR REVOKE THE POWER OF ATTORNEY OR THE AGENT RESIGNS OR IS UNABLE TO ACT FOR YOU.6.
YOUR AGENT IS ENTITLED TO REASONABLE COMPENSATION UNLESS YOU STATE OTHERWISE IN THE SPECIAL INSTRUCTIONS.7.
THIS FORM PROVIDES FOR DESIGNATION OF ONE AGENT. IF YOU WISH TO NAME MORE THAN ONE AGENT YOU MAY NAME A CO-AGENT IN THE SPECIAL INSTRUCTIONS. CO-AGENTS ARE NOT REQUIRED TO ACT TOGETHER UNLESS YOU INCLUDE THAT REQUIREMENT IN THE SPECIAL INSTRUCTIONS.8.
IF YOUR AGENT IS UNABLE OR UNWILLING TO ACT FOR YOU, YOUR POWER OF ATTORNEY WILL END UNLESS YOU HAVE NAMED A SUCCESSOR AGENT. YOU MAY ALSO NAME A SECOND SUCCESSOR AGENT.9.
YOU HAVE THE RIGHT TO REVOKE THE AUTHORITY GRANTED TO THE PERSON DESIGNATED IN THIS DOCUMENT.10.
THIS DOCUMENT REVOKES ANY PRIOR DURABLE POWER OF ATTORNEY.11.
IF THERE IS ANYTHING IN THIS DOCUMENT THAT YOU DO NOT UNDERSTAND, YOU SHOULD ASK A LAWYER TO EXPLAIN IT TO YOU.1.
DESIGNATION OF AGENT.2.
DESIGNATION OF ALTERNATE AGENT.3.
OTHER POWERS OF ATTORNEY.4.
NOMINATION OF GUARDIAN.5.
GRANT OF GENERAL AUTHORITY.6.
GRANT OF SPECIFIC AUTHORITY.7.
EXPRESSION OF INTENT CONCERNING LIVING ARRANGEMENTS.8.
LIMITATION ON AGENT’S AUTHORITY.9.
SPECIAL INSTRUCTIONS OR OTHER OR ADDITIONAL AUTHORITY GRANTED TO AGENT:10.
AUTHORITY OF PRINCIPAL.11.
DURABILITY AND EFFECTIVE DATE. (INITIAL the clause(s) that applies.)12.
THIRD PARTY PROTECTION.13.
RELEASE OF INFORMATION.14.
SIGNATURE AND ACKNOWLEDGMENT. YOU MUST DATE AND SIGN THIS POWER OF ATTORNEY. THIS POWER OF ATTORNEY WILL NOT BE VALID UNLESS IT IS ACKNOWLEDGED BEFORE A NOTARY PUBLIC.1.
Agent’s Duties. When you accept the authority granted under this Power of Attorney, a special legal relationship is created between you and the principal. This relationship imposes upon you legal duties that continue until you resign or the Power of Attorney is terminated or revoked. You must:(a)
Do what you know the principal reasonably expects you to do with the principal’s property or, if you do not know the principal’s expectations, act in the principal’s best interest;(b)
Act in good faith;(c)
Do nothing beyond the authority granted in this Power of Attorney; and(d)
Disclose your identity as an agent whenever you act for the principal by writing or printing the name of the principal and signing your own name as “agent” in the following manner:2.
Unless the Special Instructions in this Power of Attorney state otherwise, you must also:(a)
Act loyally for the principal’s benefit;(b)
Avoid conflicts that would impair your ability to act in the principal’s best interest;(c)
Act with care, competence, and diligence;(d)
Keep a record of all receipts, disbursements and transactions made on behalf of the principal;(e)
Cooperate with any person that has authority to make health care decisions for the principal to do what you know the principal reasonably expects or, if you do not know the principal’s expectations, to act in the principal’s best interest; and(f)
Attempt to preserve the principal’s estate plan if you know the plan and preserving the plan is consistent with the principal’s best interest.3.
Termination of Agent’s Authority. You must stop acting on behalf of the principal if you learn of any event that terminates this Power of Attorney or your authority under this Power of Attorney. Events that terminate a Power of Attorney or your authority to act under a Power of Attorney include:(a)
Death of the principal;(b)
The principal’s revocation of the Power of Attorney or your authority;(c)
The occurrence of a termination event stated in the Power of Attorney;(d)
The purpose of the Power of Attorney is fully accomplished; or(e)
If you are married to the principal, your marriage is dissolved.4.
Liability of Agent. The meaning of the authority granted to you is defined in NRS 162A.200 to 162A.660, inclusive. If you violate NRS 162A.200 to 162A.660, inclusive, or act outside the authority granted in this Power of Attorney, you may be liable for any damages caused by your violation.5.
If there is anything about this document or your duties that you do not understand, you should seek legal advice.
Source:
Section 162A.620 — Power of attorney., https://www.leg.state.nv.us/NRS/NRS-162A.html#NRS162ASec620
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