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Ordinary Power of Attorney

An Ordinary Power of Attorney is a legal document that authorizes someone to act on your behalf for specific or general matters.

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Service Description

An Ordinary Power of Attorney is a legal document that allows an appointed agent, also known as an attorney-in-fact, to act on behalf of the principal in financial and legal matters. The principal is the person who appoints the agent and grants them the power to act on their behalf. This document is typically used for short-term and specific purposes, such as when the principal is unable to handle their financial or legal affairs due to illness or absence.

The Ordinary Power of Attorney has two primary categories: general and limited. The general power of attorney grants broad and comprehensive powers to the agent, allowing them to act on behalf of the principal in almost all financial and legal matters. The limited power of attorney, on the other hand, grants a specific and limited power to the agent, such as selling a property or managing a bank account.

The Ordinary Power of Attorney can be revoked or cancelled by the principal at any time, as long as they are mentally competent. Moreover, the agent’s powers automatically terminate upon the death of the principal unless otherwise specified in the document.

The document must be signed by the principal and their signature must be notarized in order to be legally binding. Additionally, the agent must also sign the document to acknowledge their duties and responsibilities.

It is important to note that an Ordinary Power of Attorney ends if the principal becomes incapacitated. In this case, a durable power of attorney should be considered instead. A durable power of attorney provides the agent with the power to act on behalf of the principal even after they become incapacitated.

In conclusion, an Ordinary Power of Attorney is a legal document that grants an appointed agent the power to act on behalf of the principal in financial and legal matters. This document is typically used for short-term and specific purposes and can be revoked or cancelled by the principal at any time. It is important to consult with an attorney before creating an Ordinary Power of Attorney to ensure that it meets the specific needs of the principal.

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