Define power of attorney

Answer 1

A Power of Attorney is a legal instrument that allows one person (the agent) to conduct the affairs of another (the principal). It is used in situations where the principal is not present or is incapacitated.

Answer 2

A power of attorney form is a form that contains the a direct authorization for one to act in a pre-described way. These forms are used sometimes in replace of a search warrant for non residential properties.

Answer 3

The term power of attorney usually comes up when there is a legal issue that trusted in the hands of the person with power of attorney. The definition of the term is a legal document which gives the person you choose (the agent) the power to manage your assets and financial affairs while you are alive. The document must be signed by you (the principal) while you have the required legal capacity to give your agent clear and concise instructions.

Answer 4

Get Started

A Power of Attorney is a document under which you as the "Principal," give legal permission to another person or entity (an "Attorney-in-Fact" or "Agent") to act on your behalf. You sign a Power of Attorney document so that your Agent will be able to handle your affairs during a period of time when you are unavailable or unable to do so. An Agent is not required to be a lawyer.

A Power of Attorney may be either general or specific. A General Power of Attorney gives the Agent broad authority to act for you. A Special Power of Attorney grants the Agent limited authority to act only in specified situations. In addition, you may create a "Durable" Power of Attorney, which means it will remain in effect even if you become incompetent or incapable of handling your affairs. If you do not want the Power of Attorney to remain in effect during these times, then the document can be made "non-durable."

Note: A separate Power of Attorney should be created for each person. A "joint" Power of Attorney is not valid.

Answer 5

If you are an elderly individual or live alone, it is a good idea to have a power of attorney. In the event that something was to happen to you, the power of attorney would know of your wishes if you were to be in the hospital and how your property would be divided. The power of attorney is not the same thing as a last will, but more like a person who is in charge of the finances and responsibilities of someone in the event that they could not make the decisions for themselves. You would be choosing the power of attorney and would need to consult with an attorney to have the proper papers drawn up and filed with a clerk of court. The power of attorney would then sign the paper and everything would be filed. As long as you are in your right mind and can think for yourself, the power of attorney really has no say in what you do. They are just a name on a piece of paper. The power of attorney comes in later on if something happens with your health.

As you age, you sometimes lose the ability to think clearly. When this happens, the power of attorney can step in and take care of financial issues as well as medical issues. If a bill needs to be paid, the power of attorney can write a check for the payment. The name of the power of attorney should be listed on the checking account so when the time comes, the check can easily be written and the bank will not question who is writing the check. Health concerns are also an issue that the power of attorney might need to take care of. There are two situations that can occur if you get sick and need to receive lifesaving interventions. If there is no living will or power of attorney, the doctors have to do everything possible to save your life. However, if there is a power of attorney, they can decide if a

Choosing your power of attorney is a challenge, but if you think about a few things, it can be quite simple. If you have only one child, this would be the ideal solution. They would already know your wishes and would be the closest relative to you.

Answer 6

If you are starting a small business, there are so many things that you need to do to be a responsible business owner. Among the many responsibilities, you should prepare a power of attorney. Any adult should have a power of attorney prepared, but it is especially important if you own a business. The power of attorney determines the person who will be in charge of your financial matters and business matters in the event that you are incapable of making these decisions.

The first step is to get an official power of attorney form to fill out. You can find it at your state's government offices or website. Be sure to fill out the form carefully because this form may decide your financial future.

Answer 7

"Power of attorney" means a writing that grants authority to an agent to act in the place of the principal.

Answer 8

Power of attorney allows another person to make legal decisions for you in case you are physically or mentally incapacitated.

Answer 9

A power of attorney (POA) or letter of attorney in common law systems or ' in civil law systems is an authorization to act on someone else's behalf in a legal or business matter.

Answer 10

The powers are the subjects listed in the power of attorney that specify how the attorney-in-fact can act for the principal.