Power of Attorney (POA)
A Power of Attorney is a legal document through which one person (the principal) authorizes another person (the agent or attorney-in-fact) to act on their behalf in specific or general matters. It is commonly used for financial, legal, property, or business-related transactions.
Types of Power of Attorney:
General Power of Attorney: Grants broad powers to the agent to handle various affairs.
Special Power of Attorney: Limits authority to specific tasks or decisions.
Durable Power of Attorney: Remains valid even if the principal becomes incapacitated.
Medical Power of Attorney: Authorizes medical decisions on behalf of the principal.
Why It Matters:
A Power of Attorney helps individuals manage their affairs conveniently when they cannot be present, ensuring decisions are made according to their wishes with legal backing.
Need help drafting a Power of Attorney document? Contact us for customized templates and expert guidance to suit your needs.