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2007-12-27 02:34:17 · 12 answers · asked by davie 2 in Politics & Government ➔ Law & Ethics
There are two main types of 'power of attorney'.
#1. LIMITED power of attorney
This means that you can sign paperwork or make decisions on this person,s behalf. These powers can be date specific
#2. FULL power of attorney
You have every legal right that this person has. Primarily these are financial. Usually a person needs to revoke this power in writing.
2007-12-27 02:50:08 · answer #1 · answered by canfield205 5 · 1⤊ 0⤋
"Power of Attorney" is a legal agreement between two parties that the person holding "power of attorney" can act in place of the other party for legal purposes. Some locales subdivide the power of attorney into specific categories.
When my mother took ill with Alzheimer's Disease and went into a nursing home, I had power of attorney so I could manage her business affairs. In my case, I had both general power of attorney over bank accounts, contracts, and leasing agreements; and specific power of attorney over her personal and real property.
In a technical sense, business agents who can book appearances of music stars or arrange for recordings and publicity campaigns usually have a limited power of attorney.
When you are in court and have retained a lawyer, that person has power of attorney to represent you. (In the USA, you can always represent yourself but it usually isn't a good idea.)
Power of attorney can be very broad or very narrow in scope. It is up to the parties reaching that agreement. And the power is always defined tightly in the legal document that is the physical embodiment of the agreement, much like a contract. It has to be witnessed by at least two or three outside parties who have no vested interests in the agreement. The lawyer who draws it up must also sign, and in most cases the agreement must be copied and notarized and filed before it actually becomes legal.
Hope that covers it well enough for you.
2007-12-27 02:47:00 · answer #2 · answered by The_Doc_Man 7 · 2⤊ 0⤋
Power of attorney means that you have given another person (your attorney-in-fact) the right to act for you and to make decisions that are legally binding on you, just as though you'd taken those actions yourself.
POA's can be limited (for instance, you're going to be out of town when buying a new house and you give your friend a POA so he can sign the purchase and loan documents on your behalf), or they can be extensive in scope, authorizing someone to take any and all actions which you could legally take.
A standard POA only grants your attorney-in-fact the power to act for you so long as you are competent. A "durable" POA is usually given when the grantor contemplates being incapacitated before the end of her life-- for instance, an elderly person with Alzheimer's might give her son a durable POA to enable him to act on her behalf, even though she is no longer competent.
A POA ends at the death of the grantor.
2007-12-27 02:41:06 · answer #3 · answered by quamquamsidere 3 · 3⤊ 0⤋
Power of Attorney is granted to a person to allow them to conduct another party's affairs, be it financial or otherwise, when that person is unable to do so through illness or prolonged absence.
Persons with Power of Attorney are usually pre-elected, ie, son or daughter, or they are appointed by a court.
2007-12-27 02:48:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Power of Attorney, allows someone to enter into legal agreements on your behalf.
If you give power of attorney to your wife she can sell the house because she has the PoA.
She can also buy a house and you are responsible for the purchases of the house.
2007-12-27 02:40:13 · answer #5 · answered by Anonymous · 3⤊ 0⤋
It means you have the legal authority to make decisions for a person. You can sign their name to contracts, control their money, anything. It's often used by children whose parents have lost the mental capacity to run their own lives. There are also different kinds of POA. For example, right now I live in Japan but I still have financial accounts in America so I gave my mother Financial Power of Attorney. This allows her to manage my bank accounts and sign my name on financial forms, such as my tax returns. However that's all, it's only for financial matters.
2007-12-27 02:41:13 · answer #6 · answered by William T 6 · 1⤊ 0⤋
Giving someone power of attorney rights over you means that you are giving someone the authority to make your decisions for you should you become unable to do so yourself. The person given power of attorney can handle your financial affairs, make medical decisions for you and generally take care of your affairs for you. It is totally legal.
2016-03-15 21:04:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋
It is empowering some other person. Say you are in Africa and you want to sell your house in US. Since you cannot you can empower your brother or friend to sell the house. All you have to do it to give him the Power of Attorney. It is a legal document
2007-12-27 02:39:33 · answer #8 · answered by astrology360 1 · 1⤊ 0⤋
This Site Might Help You.
RE:
What Does Power Of Attorney Mean?
The question is in the title...
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2015-08-08 18:42:00 · answer #9 · answered by ? 1 · 0⤊ 0⤋
I am 56years old divorved and have grown children what i need to know is i have been with my girlfriend now for 16years in the event that something happens to me I want my girlfriend to make all my desissions in the event something happens to me my doctors alredy no this but what do i need to do legally so no one can conest my medic treatment and or my funeral arangments
2016-02-21 10:34:29 · answer #10 · answered by Tinamarie 1 · 0⤊ 0⤋