Home Documentation Power of Attorney
A power of attorney (POA) is a legal document that appoints a specific person to act on behalf of another. A POA thereby grants the agent or attorney-in-fact the power to act in the principal's place. The principal's property, finances, investments, and medical care may be subject to the agent's decision-making, which may be given broad or limited discretion.
It is used when a principle is temporarily or permanently ill, disabled, or unable to sign legal documents. The principle must appoint a trusted POA to manage their business on their behalf. 1 You can get documents online or via a lawyer. The contract must be signed by both parties. In most cases, it needs to be seen by a third party.
The majority of POA documents allow the agent to act on behalf of the primary in all real estate and financial concerns, provided that the principal is in sound mental health. The agreement automatically terminates if the principal is rendered incapable of making decisions for themselves.
A power of attorney may expire for a number of reasons, including when the principal terminates it or passes away, when it is declared invalid by a court, or when the agent is no longer able to fulfill the specified duties. If the principle and the agent are a married pair, a divorce may render the authorisation void.
A power of attorney is a legal instrument that grants one person the authority to act on behalf of another. This type of documents always calls for legal experience, such as that of Mumbai lawyer Rohan Yemul.
While the principle is the object of the POA, the agent or attorney-in-fact is the one who receives the authority.
The agent's legal ability to make choices regarding the principal's possessions, income, or medical care may be extensive or restricted.
When the principal cannot be present to sign the required legal paperwork for a financial transaction, the POA is frequently used.
In the event that the principle becomes ill or disabled and is unable to act directly, a durable power of attorney nevertheless holds true.