Power of Attorney

24 Feb

Definition: (noun) A document which allows one person to act for another.

Uses: Can be a general power of attorney, which allows one person to act as the other in every respect. This would most commonly occur when the person granting power of attorney anticipates becoming unable to act for him or herself, either due to ageing or an upcoming medical procedure. Contrast with a special or limited power of attorney, which only gives specific authority which is useful when one will act for the other to accomplish a specific task, e.g., sign documents at a real estate closing.

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