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 ..:: Power of Attorney Explained ::..

 
Power of Attorney Explained

 

The power of attorney is a very powerful document as it enables the person you are giving the power to, to act on your behalf.

Basically it allows the person that has the power of attorney to do whatever the power of attorney states.

A power of attorney can be specific, for example it may say ‘Mr Smith has power of attorney to buy property for me’

In this case, the person with power of attorney will not be able to sell property.

Another example would be ‘Mr Smith has total power of attorney to buy, to sell and act as he sees fit regarding all facets of the company’

This would then give the person with the power of attorney all the same powers as the Company director.

So when making your power of attorney, you should be very careful who you give it to, and what instructions are contained in the document.

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