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Grand Rapids Real Property

Location:
Rockford, MI
Posted:
July 25, 2025

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Resume:

DURABLE POWER OF ATTORNEY

FINANCIAL

I, Tracy Lynn DeBaar, who’s birthdate is August 28, 1967 and resides at 3255 Arrowhead Arms Ct SW, Grandville MI, in the county of Kent, designate Trevor Jeffrey Bassett as my attorney in fact (the agent) to act for me if I should become disabled. The following terms are listed:

• Authority to act. This power of attorney is effective upon my disability or incapacity or death. If I become disabled or incapacitated or expire, the agent is authorized to act for me under this durable power of attorney until my death or recovery from any disability or incapacity. I shall be considered disabled or incapacitated if a court determines that I am disabled or incapacitated, or if two licensed physicians certify in writing that, in their opinion, I am unable to attend to financial matters due to either disability or incapacity. Recovery from disability or incapacity shall be established in the same manner.

• Powers of the Agent. The agent, acting as fiduciary in my best interests and for my welfare, may perform any act and exercise any power with regard to my property and affairs during my disability or incapacity that I could do personally, including exercising all of the specific powers set forth below:

a. Collection and management. Collect, hold, maintain, improve, invest, lease, or otherwise manage any or all of my real or personal property or interest in it, When I expire I leave my house at 832 Valley Avenue NW Grand Rapids MI 49504 and all of the items in it to my son, Trevor Jeffrey Bassett. He may sell it or live in it, whichever he chooses. Lot 164 Harrison’s Fourth Addition 41-13-23-184-*** inside the City of Grand Rapids.

b. Buying and selling. Purchase, sell, mortgage, grant options, or otherwise deal in any way with any real property, including real property described on the attached schedule; personal roperty, tangible or intangible; or any interest in it, on Treasury Bonds that may be redeemed at par; to pay federal estate tax; and to seek or transfer treasury securities.

c. Borrowing. Borrow money, execute promissory notes, and secure any obligation by mortgage or pledge.

d. Business. Conduct and participate in any kind of lawful business of any kind, including the right to sign partnership agreements; continue, reorganize, merge, consolidate, recapitalize, close, liquidate, sell, or dissolve any business; and vote, assign, sell, and transfer stock, including the exercise of any stock options and the carrying out of any buy-sell agreement.

e. Banking. Receive and endorse checks and other negotiable paper and deposit and withdraw funds (by check or withdraw slip) that I now have on deposit or to which I may be entitled in the future, in or from any bank, savings and loan, or other institution. Trevor Jeffrey Bassett has the authority to withdraw any amount in my accounts through Lake Michigan Credit Union.

f. Tax returns and reports. Prepare, sign, and file separate or joint income, gift, and other tax returns and other governmental reports and documents; consent to any gift; file claim for a tax refund; and represent me in all matters before the Internal Revenue Service.

g. Safe deposit boxes. Have access to and remove any property or papers from any safe-deposit box registered in my name alone or jointly with others.

h. Proxy rights. Act as my agent or proxy for any stocks, bonds shares, or other investments, rights, or interests I may hold now or in the future.

i. Government benefits. Apply to any governmental agency for any benefit or government obligation to which I may be entitled.

j. Employment benefits. Make, exercise, waive, or consent to any and all elections and/or options that I may have regarding any benefits provided or available to me through my employment.

k. Legal and administrative proceedings. Engage in any administrative or legal proceedings or lawsuits in connection with any matter under this power.

l. Life Insurance. Exercise any incidents of ownership I may possess with respect to policies of insurance, except policies insuring the life of my agent.

m. Transfers in trust. Transfer any interest I may have in property, whether real or personal, tangible or intangible, to the trustee of any trust that I have created for my benefit.

n. Delegation of authority. Engage and dismiss agents, counsel, and employees, in connection with any matter, on whatever terms my agent determines.

o. Restrictions on the agent’s powers. Regardless of the above statements, my agent (1) may not execute a will, a codicil, or any will substitute on my behalf; (2) may not change the beneficiary on any life insurance policy that I own (3) May not make gifts on my behalf; and (4) may not exercise any powers that would cause assets of mine to be considered taxable to my agent or to my agent’s estate for purposes of any income, estate, or inheritance tax.

3. Reliance by third parties. Third parties may rely on the representatives of the agent in all matters regarding powers granted to the agent. No person who acts in reliance on the representatives of the agent or the authority granted under this power of attorney shall incur any liability to me or to my estate for permitting the agent to exercise any power prior to actual knowledge that the power of attorney has been revoked or terminated by operation of law or otherwise.

4. Indemnification of the Agent. No agent named or substituted in this power shall incur any liability to me for acting or refraining from acting under this power, except for that agent’s own misconduct or negligence.

5. Original Counterparts. Photocopies or facsimile reproductions of this signed power of attorney shall be treated as original counterparts.

6. Revocation. I revoke any previous powers of attorney that I may have given to deal with my property and affairs as stated in this document.

7. Durability. The agent shall be under no duty to act and shall incur no liability to me or to my estate for failing to take any action under this power of attorney before receiving written notice from two licensed physicians that, because of either disability or incapacity, I am unable to attend to financial matters, in which case it shall immediately begin to act for me.

8. Compensation. The agent shall be reimbursed for reasonable expenses incurred while acting as agent and may receive reasonable compensation for acting as agent.

9. Governing Law. This document shall be governed by the laws of the State of Michigan,

10. Appointment of Fiduciary by Court. I nominate Trevor Jeffrey Bassett to serve as guardian over my person and conservator over my estate if a protective proceeding over my person or estate is commenced after the execution of this power of attorney.

Dated:

Tracy L. DeBaar

Witness 1

Dated:

Witness 2

Dated:

State of Michigan

Kent County

Acknowledged by Tracy L. DeBaar before me on

Acceptance of Patient Advocate

I, Trevor Jeffrey Bassett, have been anointed as attorney-in-fact for Tracy Lynn DeBaar, the principal under durable power of attorney dated

By signing this document, I acknowledge that if and when I act as attorney-in-fact, all of the following apply.

1. Except as provided in the durable power of attorney, I mush act in accordance with the standards of are applicable to fiduciaries acting under durable power of attorney.

2. I must take responsible steps to follow the instructions of the principal.

3. Upon request of the principal, I must keep the principal of my actions.

4. I cannot make a gift from the principal’s property, unless provided for in the durable power of attorney or by judicial order.

5. Unless provided in this durable power of attorney or by judicial order, I, while acting as attorney-in-fact, shall not create an account or other asset in joint tenancy between the principal and me.

6. I must maintain records of my transactions as attorney-in-fact, including receipts, disbursements, and investments.

7. I may be liable for any damage or loss to the principal, and may be subject to any other available remody, for breach of fiduciary duty owed to the principal, In the durable power of attorney, the principal may exonerate me of any liability to the principal for breach of fiduciary duty except for actions committed by me in bad father reckless indifference. An exoneration clause is not enforceable if inserted as the result of my abuse of a fiduciary or confidential relationship to the principal.

8. I may be subject to civil or criminal penalties is I violate my duties to the principal.

In the presence of the undersigned witnesses, I have signed this Acceptance of Designation on

Date

Trevor Bassett

Witnesses



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