Are you worried about how you’ll manage your business, private affairs, and other legal matters all at once? Well, you can always let someone do these things for you. But making an authorization letter for every transaction would be a hassle. We know and we understand how you will feel about it. What if we tell you there’s another way, and it’s called a general power of attorney.
What Is a General Power of Attorney?
A general power of attorney is a written authorization that grants another person to do the bidding of another. There are two entities involved in the granting of authority and their correct names must appear in a general power of attorney form. The grantor is the person authorizing another person to act on their behalf and the agent is the person authorized to act on the grantor’s behalf. The written document formerly must be signed under seal, but in the present, it is no longer required as long as the grantor signs it. However, some jurisdictions may require a power of attorney to be notarized or witnessed and this is something you should take note of.
GPA or SPA: Which Is More Powerful?
Apparently, there is another type of power of attorney aside from a general power of attorney (GPA). It’s called a special power of attorney (SPA). So, what’s so special about this special power of attorney? Let’s first learn of the little details. We already know that a general power of attorney authorizes an agent to act on the grantor’s behalf. The grantor grants authority to the agent because he/she cannot make it for him/herself. Since it says general power of attorney, it is not specific to anything and the agent can make legal decisions to a variety of legal matters, except in real estate. A special power of attorney is also a written document authorizing an agent to do their bidding. The difference is, its authority is only limited to making decisions to properties or real estate. That’s the reason why a general power of attorney can’t handle real estate matters.
Both general and special powers of attorney are legal and irrevocable. The grantor must honor the decisions made on their behalf by their selected agent. As a general rule, a power of attorney expires when the grantor dies, unless an expiration date is stated in the power of attorney form. The power of attorney’s validity is also revoked when the grantor revokes it in writing. Both powers of attorney are powerful if used correctly. Now that you know how they are the same and how they differ, it’s up to you to decide which one is better.
10+ General Power of Attorney Samples in PDF | DOC
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6. General Power of Attorney Example
How to Acquire a General Power of Attorney
It’s possible to acquire a general power of attorney on your own. It’s true that doing it yourself is a handful, but we can actually help you make it easier. Here are simplified steps to help you acquire a general power of attorney.
Step #1: Consult the laws of your country’s jurisdiction.
The rules and requirements for a power of attorney vary depending on its jurisdiction. You need to know which jurisdiction you fall under so that you can make appropriate decisions and gather the correct set of requirements.
Step #2: Hire a lawyer.
Use all the resources you have in selecting a good lawyer. Lawyers who have known experience with powers of attorney should be your top pick. The lawyer will help you in drafting your power of attorney. It is their job to ensure that legal terms are used in the document so that it will be effective.
Step #3: Choose a qualified agent.
A qualified agent must be reliable and one who has the same values as you do. This agent will have access to very sensitive information that is why it is advisable to choose a family member that you trust the most.
Step #4: Draft your general power of attorney document.
Your lawyer may use their own blank power of attorney or you may download one online. Make sure to work on your draft with your attorney so that you can directly ask him/her about certain issues. Other forms that you can download and print are durable power of attorney forms and financial power of attorney forms to name a few.
Step #5: Execute your general power of attorney.
Review your power of attorney document together with your lawyer. Once you’re done, go to a notary and have your document notarized for validity. Some jurisdiction will enforce a power of attorney that is not notarized as long as the grantor signed it.
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9. General Power of Attorney in PDF
10. Simple General Power of Attorney Template
11. General Power of Attorney in DOC
There are other types of powers of attorney samples and they are sample limited power of attorney, sample non-durable power of attorney, sample medical power of attorney, and springing power of attorney. All these types have different uses so be sure to learn all of them before decising to use any.
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