Power of Attorney | General Power Of Attorney Format | Sample

A Power of Attorney (POA) is a legal and written document that allows you to appoint any other person or any organization to handle your business affairs and any legal matters. The person appointed referred to as an agent, or attorney-in-fact, and the person who appoints is known as the Principal. This power of attorney is also known as a Letter of attorney. There are several types of power of attorney that can be used for a different purpose.

Types of The Power of Attorney
There are generally two types of POA which are as follows:

1.General Power Of Attorney (GPA)- A General Power Of Attorney that gives all the powers and rights to your attorney-in-fact to manage all financial decisions including properties, paying bills, making the investment and any financial transaction that will be conducted on your behalf. This is a position of significant trust.

2. Special or Limited POA (SPA)- A special or limited POA gives the power to an agent to manage financial, investment and banking matters. For example, Special POA gives any person the right to sign a deed to the property for you on a day, when you are not present at that time.

LEGAL REQUIREMENTS OF THE POWER OF ATTORNEY.
1. The soundness of mind.

2. Witnesses.

CONTENTS OF POWER OF ATTORNEY
NAME AND DETAILS OF PARTIES.

POWERS THAT ARE GRANTED TO BE DESCRIBED IN DETAIL.

VALIDITY.

SIGNATURE OF ATTORNEY AND PRINCIPAL.

eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to power of attorney, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services.

Get a Free Consultation for Power of Attorney with Our Top Rated Experts with a simple registration.

Click here to read more about the "Partnership Deed"