What is a Power of Attorney ?
By admin
A power of attorney is a legal document that authorises another person to act on your behalf and handle your affairs.
This person is known as your ‘attorney’.
They are usually a trusted friend or relative – someone who can sign documents, pay bills, access bank accounts, talk with utility companies, etc,, on your behalf.
As a result of the high level of power that you’re vesting in them, you won’t want to allow just anyone to act on your behalf.
The power of attorney is a convenient method of allowing someone to handle your affairs and this can be for a number of reasons, like:
- you go on an overseas trip
- you take an extended vacation away from the normal running of your affairs
- you reach an age where you need assistance
Knowing that you have an attorney that is capable of dealing with your affairs will give you peace of mind – for those times that you are unable to attend to them yourself.
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August 18th, 2010
