power of attorney(redirected from AIF - attorney in fact)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
power of attorney
Etymology: Fr, pouvoir + OFr, atorne, legal agent
a document authorizing one person to take legal actions on behalf of another, to act as an agent for the grantor. The legality of a power of attorney may be challenged if the grantor can be found to have been mentally incompetent at the time the authority was granted.
power of attorneyThe formal or legal document which allows one person to manage the affairs—or specific aspects of the affairs—of another. Power of attorney begins when a person has a physical illness or accident, and that person wants someone else to enter into management of his or her affairs. A standard power of attorney should not be used if the individual has been diagnosed with, or is likely to develop, mental illness or degenerative disease which can lead to mental incapacity, as an ordinary power of attorney automatically ends with loss of mental capacity.
power of attorney,
A legal document by which a person identifies someone to make financial decisions if he or she is unable to perform this task independently.See: power of attorney, durable, for health care