Power of attorney or POA is a written legal document that authorizes a person to work or act on behalf of someone else in business deals, private affairs or other matters mostly when it is against the will of other persons. The person presenting the attorney is called grantor, whereas the one who receives the power of attorney is called the attorney-in-fact in most countries.
Even if you have nothing to do with business, you can still apprehend the importance of power of attorney forms keeping their use in personal matters, most common of which is the property matters that you usually come across. For example; a person gives power of attorney of all his property to his brother. The brother is now legally allowed to take decision on his behalf about the property as per the regulations of the attorney forms. It is hereby important to note that power of attorney forms are legal forms and have a whole lot of importance. Sometimes, all that a POA requires is a signature of the grantor so one has to be very careful when he signs a power of attorney form.
You should not confuse yourself thinking that power of attorney is only a piece of paper that gets signed between two people and this way becomes a legal form. POA has no legal importance until and unless it is being authorized and signed by an authority who is supposed to validate power of attorney form. This authority is practiced by different officials in different countries.
Not all attorney forms are the same. There are forms that are only durable, meaning by; they are only effective for a limited duration of time and after that the attorney-in-fact will no longer have the rights that he used to have. Contrary to durable forms, non-durable forms are supposed to remain effective in all conditions even after the death of the grantor.
To know more about power of attorney forms and their types, see these forms on our website. They will help you understand more about the POA’s.