Estate Planning

A Free Service Provided By www.FactsOfLaw.com
Home

 

 

Legal Topics

Arbitration and Mediation
Bankruptcy
Bextra
Car Accidents
Celebrex
Child Support
Child Custody & Visitation

Copyright Law
Criminal Law
Dangerous Drugs
Death
Divorce
DUI Drunk Driving

Elderly Laws
Employees' Rights
Estate Planning
Family Law
Fen-Phen
Immigration Law

Lawsuits
Lemon Law
Marriage
Medical Malpractice
Megan's Law
Meridia
Mesothelioma & Asbestos

Mold
Probate & Estates
Product Recalls
Real Estate

Statute of Limitations

Taxes & the IRS
Traffic Violations
Vioxx
Wills
Workers' Compensation
Work Related Injury

Privacy Policy

Contact Us

About Us

 
Facts - Books - News    U.S. Facts Of Law:


Power of Attorney

A power of attorney is a legal document authorizing a person to act on another's behalf in a business or legal matter.  The "principal" of the power of attorney gives the "attorney in fact" the power to act and provide legal signature on his behalf in a single or general instance(s) depending upon the authority granted in the power.  The former is usually called a "limited" or "special" power of attorney.  Often a power of attorney is used to complete a real estate transaction where one of the principals cannot be present.

The "attorney in fact" or agent has a fiduciary responsibility to the principal of the power of attorney and is required act in complete honesty and loyalty to the principal.

Although a power of attorney may be an oral agreement, it is common that a written document be produced.  A principal of law called the equal dignity rule requires that parties afford the attorney in fact the same formality as if he/she were the principal of the power.

A power of attorney normally is valid until the death or incapacitation of the principal.  It may be valid in spite of incapacitation but it must specify so in the agreement.  This is referred to as a durable power of attorney.  Durable powers of attorney are often used to appoint an individual to make health care decisions for another.

Another agreement called a "springing power of attorney" can provide that the power only becomes effective upon the happening of a specific event such as the incapacitation of the principal.  In this event, the power of attorney is invalid until and unless the principal becomes incapacitated.

The principal may revoke a power of attorney at any time unless the power states that it is irrevocable.  In that case the power will remain active until the death or incapacitation of one of the parties.

 

Power of Attorney Best Sellers from Amazon.com

(no title)

 

Newsfeed display by CaRP

Power of Attorney News
GN News

This RSS Feed URL Is Deprecated
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Family Calls For Stricter Patient Discharge Laws At Hospitals FOX31 Denver
FOX31 Denver Family calls for stricter patient discharge laws at hospitals FOX31 Denver One way this tragedy could have been avoided is through a power of attorney letter. Kim Gorgens, who teaches Clinical Psychology at the University of Denver, said it39s always a good idea if you have a loved one suffering from mental illness. So if and more raquo

Power Of Attorney Turns Ugly Dear Annie Southbendtribune.com South Bend Tr...
Power of attorney turns ugly Dear Annie southbendtribune.com South Bend Tribune I39ve been estranged from my twin brother for two years, since our sister died after her short battle with a terminal illness. When she was diagnosed, her family gave him power of attorney rights property and health during her remaining time. My and more raquo

AposMama Warriorapos Helps Children Of Immigrants CSMonitor.com Christian S...
Christian Science Monitor 39Mama warrior39 helps children of immigrants CSMonitor.com Christian Science Monitor Immigration activist Nora Sandigo has accepted responsibility for 1250 children of immigrants living in the United States illegally. Hundreds of parents have signed power of attorney documents giving her the ability to care for their children if they 39Mama warrior39 in Miami aids children of deported migrantsWTHR all 3 news articles raquo

Why Have A Lasting Power Of Attorney Lexology
Why have a Lasting Power of Attorney Lexology Many people become incapable of managing their affairs during their lifetime. Given the UK39s aging population, this is most commonly due to old age and related conditions, but it can also occur due to an accident or stroke. It can prove invaluable to

IMPORTANT NOTICE: This webpage is Copyrighted content.  No portion of this page may be copied to any other webpage, forum, blog or other domain page or offline publication without written permission from FactsOfLaw.com. Violators will be prosecuted to the fullest extent of the law.

The information provided by FactsOfLaw.com does not constitute legal advice or any other type of advice and is provided for educational purposes only without warranty of any kind. FactsOfLaw.com has not reviewed the information on this page for accuracy and is not responsible for any errors, omissions or inaccuracies.  For legal advice you should consult a licensed attorney.

 

Copyright All Rights Reserved - FactsOfLaw.com
No Portion of This Page May Be Copied Without Written Permission

Facts of Law on powers of attorney contracts

Facts of Law - Powers of Attorney