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Power of Attorney
A Power of Attorney (POA) is a legal document that authorizes an individual to act on someone else’s behalf in legal matters. The agent appointed in a Power of Attorney can have general authority to handle any type of business or limited authority to conduct specific transactions for which they are expressly authorized.
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Overview of Power of Attorney
A Power of Attorney (POA) is a legal instrument that authorizes an individual to act on behalf of another person. The Power of Attorney Act 1882 elaborates on the power to act on behalf of someone. POAs are granted for various reasons, such as the donor being abroad, indisposed, or ill. Granting a POA makes it easier for another person to handle all the donor’s duties and responsibilities without burdening them. The person who grants the authority is called the donor. There are various types of POAs available, including General POA, Specific POA, Deed of revocation of POA, Durable POA, and Non-durable POA.
Legal suvidha’s lawyers listen to your requirements and recommend the most suitable type of POA for you. It is advisable to grant a POA to someone who is trustworthy and aware of your needs. This will help ensure that they act in accordance with your wishes. Legal experts can draft a POA that explicitly outlines your specific requirements. At Legal suvidha, our team of experts can assist you in drafting and registering your POA with ease.
Advantages of Power of Attorney
| Convenience | A Power of Attorney allows you to appoint someone you trust to handle your affairs when you are unable to do so, making it a convenient way to manage your financial and legal affairs |
| Flexibility | Depending on your needs, a Power of Attorney can be tailored to be as broad or as specific as necessary. This allows you to appoint someone to handle certain tasks, such as managing your bank account, while still retaining control over other aspects of your life |
| Avoids disputes | By appointing a trusted person as your agent, you can help avoid disputes among family members or others who may disagree on how to manage your affairs |
| Continuity | A Power of Attorney ensures that your affairs will be handled even if you become incapacitated or unable to make decisions on your own |
Registration Process of Power of Attorney
The procedure for creating a Power of Attorney (POA) with the help of Legal Suvidha is as follows:
Step 1: Consultation: The first step is to consult with Legal Suvidha’s legal experts to understand the requirements and objectives of creating a POA.
Step 2: Selecting the type of POA: Based on the requirements, the legal experts will advise on the appropriate type of POA, such as a general POA, specific POA, durable POA, or non-durable POA.
Step 3: Drafting of the POA: Once the type of POA is selected, Legal Suvidha’s legal experts will draft the POA document, including all the necessary clauses and details.
Step 4: Review and Approval: The draft POA document will be shared with the client for review and approval. Any changes or modifications required can be discussed and incorporated at this stage.
Step 5: Signing and Registration: After the finalization of the POA document, it needs to be signed by the donor in the presence of witnesses. Depending on the type of POA and state laws, it may also require registration with the appropriate authorities.
Step 6: Delivery of POA: The final executed POA document will be delivered to the donor or the designated attorney-in-fact as required.
Legal Suvidha’s legal experts can guide the clients through each step of the POA creation process, ensuring that the document is legally valid and meets the client’s specific requirements.
Documents Required of Power of Attorney
1. Name and details of the parties
2. Powers that are being handed over to the designated person
3. Validity of the POA
4. Signature of the donor
FAQ's on Power of Attorney
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