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For example, in our case above, you might give your lawyer power of attorney to settle a lawsuit on your behalf. Or you might give someone power of attorney in regards to the sale of a house.
One variation is a general power of attorney, which can be used for a short period (you're out of the country for an extended period) or if you simply want to delegate your finances to someone.
Risks of power of attorney A notable difference with the power of attorneys is that a power of attorney for property can have a continuing power of attorney, meaning the agreement becomes valid the ...
With a general power of attorney, you can authorize someone to make decisions when you’re not able to. Your agent, which is the person you choose, might be able to do a variety of things on your ...
In its most basic form, a power of attorney, or POA, is a legal document that gives another person the authority to make decisions on your behalf should you become unable to do so.
Power of attorney (POA) is a legal document that allows someone else, known as an “agent”, to act on the behalf of the signer, known as the “principal”, to act on their behalf in legal ...
A power of attorney in real estate applies specifically to property management. It allows a trusted person to manage, sell or purchase property on behalf of the asset owner (principal).