What Is The Meaning Of General Power Of Attorney

A general power of attorney acts on behalf of the principal in any and all matters as allowed by the state. A general power of attorney is a legal document whereby one person called the principal gives another person called the agent or attorney in fact the power to manage the principal s assets and financial affairs while the principal is alive. A written document signed by a person giving another person the power to act in conducting the signer s business including signing papers checks title documents contracts handling bank accounts and other activities in the name of the person granting the power.

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Power can be given to the agent to do any and all acts the principal can perform.

What is the meaning of general power of attorney. Before we explain the difference between a general and a special power of attorney it s important to first cover what a power of attorney is. The agent under a general poa agreement may be authorized to take care of issues such. The person authorizing the other to act is the principal grantor or donor of the power. A power of attorney poa or letter of attorney is a written authorization to represent or act on another s behalf in private affairs business or some other legal matter.

In estate planning a power of attorney is a legal document that authorizes another person called an agent to act on behalf of the person who created the power of attorney known as the principal. Power of attorney definition is a legal instrument authorizing one to act as the attorney or agent of the grantor. The one authorized to act is the agent attorney or in some common law jurisdictions the attorney in fact.

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