A Power of attorney is a legal document which gives special powers to the PoA holder to make decisions on behalf of the grantor whenever necessary. The power of attorney is usually acted upon, when the grantor
Resides abroad
Is ill and bedridden
Is a senior citizen with serious health problems
There are majorly two types of power of attorney: General Power of Attorney and Special Power of Attorney. How to make power of attorney?To make power of attorney, you will have to perform the below mentioned steps:
Draft a power of attorney deed with details including, Name, age, address and occupation of the Principal.
Mention same details of the person to whom the power is granted
Mention the reason for creating PoA.
Date of commencement and termination of the power of Attorney if it is limited by time.
If it is a general power granted then mention all the acts and areas of granting the power. If it is a special power of attorney then mention a specific or particular act or task that needs to be done and completed by the Attorney
Now get your power of attorney registered and notarized to avoid any conflicts or frauds.
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How to make power of attorney?
Varun
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May 5, 2021
2021-05-05T15:01:38+00:00 2021-05-07T00:42:44+00:00Comment
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