Introduction
The above-named Article describes “an overview” of the purpose to which the “substantive contents” will be continually “populated” and “grown”, on a regular basis making its functionality extremely powerful.
By its nature it is “dynamic”, and it is recommended that a request be made for its update, where the last dated updated is greater than the last thirty working days.
What is a Power of Attorney?
- A power of attorney (POA) or letter of attorney is a written authorisation to represent or act on another’s behalf in private affairs, business, or some other legal matter.
- The person authorising the other to act is the principal, grantor, or donor (of the power).
- It is a legal document where one person (the donor) gives another person or persons the right to make decisions on their behalf.
- There are 3 types:
- Power of Attorney for Bank Accounts
- Power of Attorney for Corporate matters
- Power of Attorney for Documents
Power of Attorney Bank Accounts
- Should you be unable to manage your accounts yourself a power of attorney can help.
- Once appointed they can make decisions on your behalf.
- Access your accounts for making payments and authorising transfers.
Power of Attorney Corporate
- This allows the company to appoint someone to act on their behalf.
- This may include having them represent the company for certain meetings and have the Authority to act on behalf of the company.
- It can be limited to certain areas of the company or certain roles.
- It can be for a limited time.
Power of Attorney Documents
- This type of power of Attorney is related to exact specifics.
- For example, actions specified in the agreement and no others.