2007-03-12 09:35:59 · 7 answers · asked by neafcfan 1 in Politics & Government ➔ Law & Ethics
It is an assignment of your legal rights to another. They can be limited to certain rights or general in which case there is no limit.
2007-03-12 09:42:25 · answer #1 · answered by C B 6 · 0⤊ 0⤋
It's a Legal document insures your financial agreement rights,This legal document should be approved by a third party,it depends in which country you are in,but usually approval of a lawyer is enough,Also this document should contain all details related to the business deal you are engaged with,such as bank account no.and address,percentage of the money amount that you have agreed up on.
the form of this document is official paper,which the first party has to buy from the tax department,that depends in which country you are in,but any way your lawyer should exactly advise you with the proper channel.
2007-03-12 10:27:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It's a document whereby you give to another the power to act on your behalf. It can be limited to specific acts or general to authorize someone to sell your house or do anything else you could do lawfully. A durable power of attorney allows one to act on your behalf, even if you become incapacitated. All powers expire on the death of the person giving them.
2007-03-12 09:44:18 · answer #3 · answered by webned 6 · 0⤊ 0⤋
a power of attorney is basically someone that you have given the legal right to do your business for you - legally act as you in matters of paperwork,loans etc stuff like that. i work in a loan office,and we have a couple of people like that,one is bad sick and in a wheelchair so his power of att. will come in (which is his wife) and pay his bill,sign for his loans,etc - anything he would do.
2007-03-12 09:46:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Power of Attorney is a very important document!
You should never play with it. you should keep it in a safe place.
It states who owns which property! if your enemy gets it and makes you sign on it he will he will be able to get all of your property
2007-03-12 09:46:34 · answer #5 · answered by vraju m 3 · 0⤊ 1⤋
its somebody that has signed permission to deal with someone Else's personal details i.e bank account certain paper work but you must have written consents to do this preferably by a lawyer
2007-03-12 09:44:58 · answer #6 · answered by nicola s 3 · 0⤊ 0⤋
having say over someone accounts, land, estate, etc.
if you have power over medical, then you have the final say on advanced directives and whether or not you want them resuscitated, CPR etc.
2007-03-12 09:44:58 · answer #7 · answered by REALLY 5 · 0⤊ 0⤋