Power of attorney,
Definition of Power of attorney:
A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property, finances or medical care. The power of attorney is frequently used in the event of a principal's illness or disability, or when the principal can't be present to sign necessary legal documents for financial transactions.
The authority to act for another person in specified or all legal or financial matters.
A power of attorney can end for a number of reasons, such as when the principal dies, the principal revokes it, a court invalidates it, the principal divorces their spouse, who happens to be the agent, or the agent can no longer carry out the outlined responsibilities.
Written legal authority given by one party (the principal) to another (the agent or attorney-in-fact) to act on the principals behalf. It may be a (1) General power Of attorney that authorizes the agent to act generally on behalf of the principal, or (2) Special power of attorney that is limited to a specific act or situation. Decisions made and actions taken by an attorney in fact (within the scope of his or her authority) are legally binding on the principal. A power of attorney can remain in force only so long as the principal is alive and does not become disabled or incapacitated. Although it is often conferred on the principals attorney, one does not need to be an attorney at law to be an attorney-in-fact.
Synonyms of Power of attorney
Agency, Agentship, Assignment, Authority, Authorization, Brevet, Care, Change, Charge, Commission, Commissioning, Commitment, Commutation, Consignment, Cure, Delegated authority, Delegation, Deputation, Deputyship, Devolution, Devolvement, Displacement, Embassy, Empowerment, Entrusting, Entrustment, Errand, Exchange, Executorship, Exequatur, Factorship, Full power, Jurisdiction, Legation, License, Lieutenancy, Mandate, Mission, Office, Plenipotentiary power, Power to act, Procuration, Proxy, Purview, Quid pro quo, Regency, Regentship, Replacement, Representation, Responsibility, Subrogation, Substitution, Supersedence, Superseding, Supersedure, Supersession, Supplantation, Supplanting, Supplantment, Switch, Task, Tit for tat, Trust, Trusteeship, Vicarious authority, Vicariousness, Warrant
How to use Power of attorney in a sentence?
- If he was told there was such a veto power or power of attorney, why did he not ask to see proof of same.
- My grandmother owns our family business but due to dementia setting in we now have to decide who will be power of attorney .
- The power of attorney is often used when a principal becomes ill or disabled, or when they can't be present to sign necessary legal documents for financial transactions.
- The agent can have broad legal authority or limited authority to make decisions about the principal's property, finances or medical care.
- A power of attorney (POA) or letter of attorney is a written authorization to represent or act on anothers behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. The person authorizing the other to act is the principal, grantor, or donor (of the power).
- A power of attorney (POA) is a legal document giving one person, the agent or attorney-in-fact the power to act for another person, the principal.
- Leonard trusted his sister implicitly and when he became too ill to handle his legal affairs competently, he made arrangements to grant power of attorney to her.
Meaning of Power of attorney & Power of attorney Definition