power of attorney


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Related to power of attorney: Enduring Power of Attorney

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 attorney

The 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

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POA

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
References in periodicals archive ?
Everyone should consider asking a solicitor to prepare a power of attorney.
Power of Attorney documents are effective until revoked or changed in the future.
The Company appealed the judgment using the same Power of Attorney, which was accepted by the Court of Appeal.
We encourage planning and preparation of an enduring power of attorney but also wise choices on the appointment of more than one person to prevent abuse by little Johnny.
A health care power of attorney may outline specific guidelines your agent must follow in making decisions regarding your health care.
A durable power of attorney can be drafted so that it goes into effect as soon as it is signed.
The ombudsman suggests that consumers do: Book an appointment to speak to a member of staff, explain they need to register a power of attorney and ask what documents they need to bring in.
Shockingly, only two out of 10 people living with dementia feel businesses and organisations understand a person's rights around lasting power of attorney, according to a poll carried out by Alzheimer's Society.
uk/ memoryhandbook Having a Lasting Power of Attorney means your choices count, no matter what happens in the future.
Shockingly, only two out of ten people living with dementia feel businesses and organisations understand a person's rights around Lasting Power of Attorney, according to a poll carried out by Alzheimer's Society.
BANK staff are adding to the distress of people registering power of attorney by misunderstanding what these rights involve, making administrative blunders or losing important documents, according to the Financial Ombudsman Service.
Analyzing such risk is complicated by the potential involvement of a power of attorney acting on behalf of the impaired individual.