Power Of Attorney Definition
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Power Of Attorney Definition
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A power of attorney is a legally binding document that names someone to act as your attorney in fact or your agent You specify in the legal document what authority you are transferring to the legal right to act for someone else in their financial or business matters, or the document that gives you this right. SMART Vocabulary: related words and phrases. Court cases, orders & decisions. actionable. actionably. administer. admissibility. admissible. extinguishment. extrajudicially. fatal accident inquiry. federal case. pay damages.
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Power Of Attorney DefinitionA power of attorney ( POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs (which may be financial or regarding health and welfare), business, or some other legal matter. The person authorizing the other to act is the principal, grantor, or donor (of the power). A financial power of attorney also known as a financial POA or general power of attorney POA is a legal document that grants an individual the authority to manage another person s financial matters This type of POA is restricted to financial matters and does not extend to healthcare decision making
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