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Power of Attorney

A power of attorney is a legal document authorizing a person to act on another's behalf in a business or legal matter.  The "principal" of the power of attorney gives the "attorney in fact" the power to act and provide legal signature on his behalf in a single or general instance(s) depending upon the authority granted in the power.  The former is usually called a "limited" or "special" power of attorney.  Often a power of attorney is used to complete a real estate transaction where one of the principals cannot be present.

The "attorney in fact" or agent has a fiduciary responsibility to the principal of the power of attorney and is required act in complete honesty and loyalty to the principal.

Although a power of attorney may be an oral agreement, it is common that a written document be produced.  A principal of law called the equal dignity rule requires that parties afford the attorney in fact the same formality as if he/she were the principal of the power.

A power of attorney normally is valid until the death or incapacitation of the principal.  It may be valid in spite of incapacitation but it must specify so in the agreement.  This is referred to as a durable power of attorney.  Durable powers of attorney are often used to appoint an individual to make health care decisions for another.

Another agreement called a "springing power of attorney" can provide that the power only becomes effective upon the happening of a specific event such as the incapacitation of the principal.  In this event, the power of attorney is invalid until and unless the principal becomes incapacitated.

The principal may revoke a power of attorney at any time unless the power states that it is irrevocable.  In that case the power will remain active until the death or incapacitation of one of the parties.

 

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Sunrise Rotary Discusses New Power Of Attorney Act The Weston Forum
The Weston Forum Sunrise Rotary discusses new Power of Attorney Act The Weston Forum Westport Weston Probate Judge Lisa Wexler introduced Sunrise Rotary to Connecticut39s new Power of Attorney Act. She began with the standard caveat lawyers offer before speaking about legal matters No legal advice. For those who would like her

Appointing A Power Of Attorney Can Protect Loved Onesapos Wishes Buffalo Ref...
Appointing a power of attorney can protect loved ones39 wishes Buffalo Reflex subscription But just because the future is unpredictable does not mean adults cannot prepare for what lies ahead. Estate planning is important, and establishing power of attorney can be essential for men and women looking to protect their financial resources and

Donapost Let Your Power Of Attorney Become Powerless Forbes
Forbes Don39t Let Your Power Of Attorney Become Powerless Forbes One of the cornerstones of a solid financial plan is properly configured estate planning documentationespecially your medical and financial powers of attorney POA. POAs give you the ability to legally authorize an individual to handle your affairs

Legal Effects Of A Power Of Attorney Granted Out Of Spain Digital Journal Pr...
Legal Effects of a Power of Attorney Granted out of Spain Digital Journal press release Unbelievable, but this means that there would be no equivalent of functions of the public official UK notary public and the Spanish notary, so the Power of Attorney granted before that would not have legal effects in Spain and the sale of the

Avoid Probate WestportWeston Judge Explains Power Of Attorney Changes Westpo...
Westport Daily Voice Avoid Probate Westport Weston Judge Explains Power Of Attorney Changes Westport Daily Voice WESTPORT, Conn. She started off with the standard caveat lawyers offer before speaking about legal matters No legal advice But Westport Weston Probate Judge Lisa Wexler then jumped in to introduce the Westport Sunrise Rotary to Connecticut39s

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Facts of Law on powers of attorney contracts

Facts of Law - Powers of Attorney