Special Power of Attorney
Special Power of Attorney
Special Power of Attorney
KNOW ALL MEN BY THESE PRESENTS, that I, [Your Name], of legal age, a resident
of [Your Address], Philippines, do hereby appoint [Recipient's Name], of legal age, a
resident of [Recipient's Address], Philippines, as my true and lawful attorney-in-fact, with
full power and authority to act on my behalf and in my name, to perform the following
specific act:
[Describe the specific act or task that the attorney-in-fact is authorized to perform.]
2. Duration: This Special Power of Attorney shall be valid and in effect from the date of
execution until [specify a specific date or event upon which it will terminate], unless
earlier revoked in writing by me.
3. Powers and Authority: In connection with the specific act mentioned above, my
attorney-in-fact shall have the power and authority to:
[Specify the powers and authority necessary to carry out the specific act, ensuring they
are clearly defined and limited to the intended purpose.]
4. General Provisions:
a) This Special Power of Attorney is limited in scope and pertains solely to the specific
act described herein.
c) I hereby ratify and confirm all acts and deeds lawfully done by my attorney-in-fact in
connection with the specific act mentioned above.
IN WITNESS WHEREOF, I have hereunto set my hand this [day] of [month], [year], in
[City/Municipality], Philippines.
____________[Signature]____________
[Your Name]
ACKNOWLEDGMENT
BEFORE ME, a Notary Public for and in [City/Municipality], Philippines, this [day] of
[month], [year], personally appeared:
Name ID Presented
known to me and to me known to be the same person who executed the foregoing
instrument and acknowledged that the same is their free and voluntary act and deed.
________________________
Notary Public
I hereby revoke any and all powers of attorney that previously have been signed by me
only to the extent that any such power of attorney covers the same subject matter of this
power of attorney.
My Agent shall have full power and authority to act on my behalf but only to the extent
permitted by this Special Power of Attorney. My Agent’s powers shall include the power
to:
1. Open, maintain, or close bank accounts (including, but not limited to checking
accounts, savings accounts, and certificates of deposit), brokerage accounts, and other
similar accounts with financial institutions. This power shall include the authority to
conduct any business with any banking or financial institution with respect to any of my
accounts, including but not limited to making deposits and withdrawals, obtaining bank
statements, passbooks, drafts, money orders, warrants, and certificates or vouchers
payable to me by any person, firm, corporation, or political entity.
2. Sell or convey any interest of mine in real estate (whether currently owned or
later acquired).
This power shall include the power to (i) sell upon such terms as my Agent shall deem
appropriate, subject to the limitations (if any) stated above, (ii) sign any documents
(including deeds) that may be required to convey title to such property, and (iii) collect
and receive the proceeds from any such sale.
I hereby grant to my Agent the full right, power, and authority to do every act, deed, and
thing necessary or advisable to be done regarding the above powers, as fully as I could
do if personally present and acting.
Any power or authority granted to my Agent under this document shall be limited to the
extent necessary to prevent this Power of Attorney from causing (i) my income to be
taxable to my Agent, (ii) my assets to be subject to a general power of appointment by
my Agent, and (iii) my Agent to have any incidents of ownership with respect to any life
insurance policies that I may own on the life of my Agent.
My Agent shall not be liable for any loss that results from a judgment error that was
made in good faith. However, my Agent shall be liable for willful misconduct or the
failure to act in good faith while acting under the authority of this Power of Attorney.
My Agent shall be entitled to reasonable compensation for any services provided as my
Agent. My Agent shall be entitled to reimbursement of all reasonable expenses incurred
in connection with this Power of Attorney.
My Agent shall provide an accounting for all funds handled and all acts performed as
my Agent, if I so request or if such a request is made by any authorized personal
representative or fiduciary acting on my behalf.
This Power of Attorney shall become effective immediately, shall not be affected by my
disability or lack of mental competence, and shall continue effective until my death;
provided, however, that this Power may be revoked by me at any time by providing
written notice to my Agent.
(SEAL)
____________________________________
Witnesses:
__________________________
__________________________
Name: __________________________
Address:_________________________