Understanding Power of Attorney: Types and Sample Document
Classified in Law & Jurisprudence
Written at on English with a size of 3.57 KB.
Power of Attorney
In today's fast-paced world, our activities and engagements have increased significantly. As individuals become busier, the need to rely on others for assistance has grown. Consequently, the importance of a Power of Attorney has become increasingly apparent.
Definition
A Power of Attorney is a legal instrument that authorizes a specified person to act on behalf of another person, known as the principal.
Types of Power of Attorney
There are several types of Power of Attorney:
General Power of Attorney
A General Power of Attorney grants the agent broad authority to perform various acts or exercise all powers that the principal could exercise regarding specific property or matters.
Special Power of Attorney
A Special Power of Attorney