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What is power of attorny ?

 
 
slesiuk
 
Reply Sun 23 Feb, 2014 06:08 pm
I don't need it but . I would just like to know what it is ?
 
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jespah
  Selected Answer
 
  3  
Reply Sun 23 Feb, 2014 06:55 pm
@slesiuk,
In general, it is, as Google says, "the authority to act for another person in specified or all legal or financial matters."

There are differing types, and that kinda depends on what it's being used for, e. g. investments, health care proxies and the like. But the generalized term more or less means to act for someone else in what are often rather big decisions.
slesiuk
 
  1  
Reply Mon 24 Feb, 2014 03:28 pm
@jespah,
What is health care proxies ?
jespah
 
  1  
Reply Mon 24 Feb, 2014 05:46 pm
@slesiuk,
They vary from state to state but the general idea is that it's a document allowing someone to make medical decisions for another person.
0 Replies
 
foreclosureus1
 
  0  
Reply Tue 25 Feb, 2014 05:14 am
@slesiuk,
It is basically a legally written document in which one person (the principal) appoints another person to act as an agent on his or her behalf.
0 Replies
 
Johndalbertis
 
  1  
Reply Wed 19 Mar, 2014 10:12 pm
A power of attorney (POA) is a document that allows you to appoint a person or organization to manage your affairs if you become unable to do so. However, all each type gives your attorney-in-fact (the person who will be making decisions on your behalf) a different level of control.
0 Replies
 
 

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