Power Of Attorney Definition
A financial power of attorney also known as a financial POA or general power of attorney POA is a legal document that grants an individual the authority to manage another person s financial matters This type of POA is restricted to financial matters and does not extend to healthcare decision making A power of attorney ( POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor (of the power).
The legal right to act for someone else in their financial or business matters or the document that gives you this right SMART Vocabulary related words and phrases Court cases orders decisions actionable actionably administer admissibility admissible extinguishment extrajudicially fatal accident inquiry federal case pay damages A power of attorney is a legally binding document that names someone to act as your attorney-in-fact or your agent. You specify in the legal document what authority you are transferring to.
Power Of Attorney Definition
The authority given to a person or entity to act on behalf of another person or entity in legal or financial matters A legal document giving one person or entity to act on behalf of another person or entity in legal financial or personal matters Origin 1740 1750 English common law What is Power of Attorney Power of attorney poa meaning types and how and why to set one up power. Power of attorney definition what does power of attorney mean Free indiana general financial power of attorney form pdf word.
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A power of attorney is a legal document giving someone the agent or attorney in fact authorization to make legal financial or medical decisions for someone else the principal A power of attorney. : an instrument containing an authorization for one to act as the agent of the principal that terminates especially upon revocation by the principal or death of the principal or agent. called also letter of attorney. — durable power of attorney.
A power of attorney POA is a simple document that gives someone you trust the power to act on your behalf The person you allow to step into your shoes is called an attorney in fact or agent in some states A power of attorney names a person who can act on your behalf; this person is called your “agent” or “attorney-in-fact.” Before you create a power of attorney, you should know your options and which ones your home state allows.