What Is A Power Of Attorney?
A Power of Attorney is a document by which one person (“donor”) grants another (the attorney or donee) the power to act on their behalf and in their name. Though the word Attorney is used the person does not in fact have to be an Attorney-at-Law and is called your “donee”, “agent” or “attorney-in-fact”.
The Power of Attorney is usually vested in a relative or friend during your lifetime, to pay your bills and manage your affairs when you are overseas, incapacitated or otherwise unable to personally execute those duties.
The execution of the Power of Attorney does not mean that you can no longer make your own decisions, it simply gives the appointed person the authority to also act for you.
Remember the Power of Attorney should be properly notarised or witnessed, stamped, and registered.
The power of attorney lapses when the donor dies or when revoked during the lifetime whenever the donor becomes dissatisfied or no longer requires their assistance.
Contact The Law Offices of Pearnel P. Charles II now to discuss the terms and conditions of your Power of Attorney and to obtain further details on the requirements and procedure to be followed.