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Puerto Rico Durable Power of Attorney Template

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What's Included

Attorney-style Puerto Rico Durable Power of Attorney template. Grants durable financial authority surviving the principal's incapacity. Drafted under 31 L.P.R.A. §§ 3741 et seq. (Puerto Rico Civil Code — Agency & Mandate). Covers real estate, banking, tax filings, retirement account management, business transactions, and gift-making powers. Includes immediate vs. springing effectiveness election, successor agent designation, agent acceptance block, and notary acknowledgment compliant with Puerto Rico notarial law.

Principal & agent identification
Successor agent designation
Durability clause (survives incapacity)
Springing vs. immediate effectiveness
Real estate transactions authority
Banking & financial institution powers
Tax authority (IRS Form 2848 coordination)
Retirement plan / IRA powers
Gifting authority (with annual exclusion limits)
Litigation & claims authority
Recordkeeping requirements for agent
Revocation procedures
Notary acknowledgment block

Who This Is For

  • Adults who want trusted financial decision-making backup
  • Aging parents preparing for possible incapacity
  • Spouses managing each other’s finances
  • Anyone with banking or real estate needs

NOT Appropriate For

  • People with active legal incapacity (need a guardian instead)
  • Complex business succession planning
  • Cross-border / international financial arrangements

Legal Disclaimer

This template is for informational purposes only and does not constitute legal advice. No attorney-client relationship is formed by purchase. Consult a licensed Puerto Rico attorney for advice specific to your situation.

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