That’s actually a pretty easy answer. A Power of Attorney allows a person (called the “Grantor” or “Principal”) to authorize another person (referred to as “Agent” or “Attorney-in-fact”) to act on his or her behalf in different situations such as a a legal or business matter. There are different types of Power of Attorney forms. Some become effective immediately, while others become effective upon the Grantor’s disability. Depending on the language, some Power of Attorney documents can actually become void upon the disability of the Principal. Power of Attorney forms that do become void upon the disability of the Grantor are called a Durable Power of Attorney, although in other cases, such as issues with driving problems, or even driving boats, is better to get professional help from sites as https://njdwiesq.com/dwi-testing/ which know how to manage these cases.
Note that the word “attorney” is not used here to mean “lawyer”. The person acting as the Attorney-In-Fact for the Principal does not need to be a lawyer. Almost anyone can be appointed an Attorney-In-Fact by a power of attorney so for different purposes getting an attorney from www.parkerscheer.com/ could really help with cases like this or car accidents. The Agent should be a competent adult. A Power of Attorney is a “powerful” instrument and should be granted with care. Any action undertaken by the Agent, within the scope of the Power of Attorney document, will be legally binding upon the Grantor. The Grantor can revoke a Power of Attorney at any time.
There are many different Power of Attorney Forms that cover various situations, such as Power of Attorney for the Care of Children, to purchase or sell Real Estate, for the sale of a motor vehicle, with limited powers and much more.
Definition of Power of Attorney.