Power of Attorney

A power of attorney (POA) is a legal document that gives one party (the agent) the power to act on behalf of another person (the principal). A POA authorises the agent to act for them and/or make decisions for the principal and perform a variety of acts, including legal, health and financial activities, namely:

• Managing your income, bank accounts, etc.
• Selling, or managing your property.
• Entering into contracts or settlements on your behalf.
• Planning your estate.

There are five types of POA’s:

• Durable Power of Attorney - enables the agent to act for the principal who is not mentally competent or physically able.
• General Power of Attorney - allows the agent to act in various situations without any or few limitations.
• Specific Power of Attorney – unlike general this limits the agent's power to a specific powers.
• Springing Power of Attorney - becomes effective only upon the occurrence of a certain event chosen by the principal like an illness.

A general power of attorney arrangement is terminated when the principal becomes incapacitated, revokes the power of attorney or passes away.

Download your general power of attorney template.

With Legal&Tax you’re not alone

• Email
• WhatsApp - Just type 'Hi' to start chatting
• Telephone

^{Disclaimer:
This is a template agreement that has been written to assist you. It is your responsibility to ensure that the content of this document is correct and valid. Contact Legal&Tax to speak to a qualified specialist for professional advice.}