A power of Attorney is a legal document that allows an individual (the principal) to appoint another person (the agent or attorney-in-fact) to act on their behalf. The agent can be granted broad or limited powers, depending on the language of the document and the wishes of the principal.
When Should You Use a Power of Attorney?
A power of attorney can be useful in a variety of situations, such as when the principal is unable to make decisions due to illness or injury, or when they are unavailable to handle certain matters themselves. For example, a power of attorney might be used to allow an agent to make financial transactions, sign legal documents, or make medical decisions on behalf of the principal.
How Can I Cancel a POA?
It’s important to note that a power of attorney only gives the agent the authority to act as specified in the document, and the principal can revoke or modify the power of attorney at any time as long as they are mentally competent. Additionally, the agent has a legal obligation to act in the best interests of the principal and to follow any instructions provided in the power of attorney document. Its recommended POA revoked via written letter or any form of telecommunication (e.g email)
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Author: CG
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