power of attorney

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Related to powers 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 ?
Last week, the Nassar Human Rights Center also submitted a complaint to the Public Prosecutor, claiming that their attempts to grant powers of attorney to ElBaradei and Nour were also refused.
Additionally, to induce physicians to grant these powers of attorney, NTSP would include in its solicitations information about the number of physicians who had already executed powers of attorney.
Barb Ettleson and Pat Brockett, partners of 25 years who live in northeast Iowa, have done everything possible to make sure the law recognizes their relationship: They have wills and medical and financial powers of attorney and have set up their house title, cars, investments, and joint bank account with a right of survivorship so that whoever lives longest won't have to worry about losing the assets of their relationship when the other dies.
The problem with the article is that every one of the authors' major indictments of living wills applies equally and maybe more seriously to durable powers of attorney.
Of the more than 12,000 interviews, DAV representatives initiated 11,511 claims actions and obtained 4,344 powers of attorney.
5) no caption (``Medical Directives & Powers of Attorney for California'')
4 Since durable powers of attorney are intended to be alternatives to guardianship proceedings, presumably the legislature would have wanted a similar requirement with durable powers of attorney.
All nondurable powers of attorney limit how the agent can act on the principal's behalf, provided the principal has legal capacity.
A well-designed estate plan strategically incorporates your will, any trusts, powers of attorney, life insurance coverage, investments, anticipated Social Security or retirement benefits, and other financial interests, such as gifting and using the marital deduction.
Initially, powers of attorney were used for financial reasons.
In two recent cases involving powers of attorney, what the parties thought were completed gifts ended up in court.
Request your FREE guide to Wills & Powers of Attorney Preparing a Will & Powers of Attorney can be surprisingly straightforward and it could ultimately give your family peace of mind at a time when its needed most.