Texas Estates Code 751.024 – Reimbursement and Compensation of Agent
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Terms Used In Texas Estates Code 751.024
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
Unless the durable power of attorney otherwise provides, an agent is entitled to:
(1) reimbursement of reasonable expenses incurred on the principal’s behalf; and
(2) compensation that is reasonable under the circumstances.