power of attorney A legal document in which a person gives another the power to act for him or her. The authority may be general or it may be restricted to activities such as the handling of security transactions. Wall Street Words: An A to Z Guide to Investment Terms for Today's Inves...
The abuse of the use of Powers of Attorney can create tremendous underwriting issues for the title insurance companies and prospective lenders. Lenders have been known to request an explanation letter from the actual Borrower regarding the reason behind giving a POA. We have had lenders demand that...
The two types of durable power of attorney are immediate and "springing." The first type takes effect as soon as the durable power of attorney is executed. The second is intended to "spring" into effect when a specific event occurs, such as the disability of the principal. Most often, ...
A limited power of attorney is limited by the length of time that the principal chooses. For example, a financial manager would only have the power to take certain actions on behalf of their client to manage their investments during the time that the client uses their services. If the client...
There are a number of different types of power of attorney that meet specific needs of the maker. Regardless of which type of power of attorney you give someone, they are not generally paid to be your agent.
power of attorney (Jur)→ poder m, procuración fthat is beyond or outside my power(s)→ eso no es de mi competenciato exceed one's powers→ excederse en el ejercicio de sus atribuciones or facultadeshe has full powers to negotiate a solution...
The following article provides an explanation of the Health Care Power of Attorney, a more comprehensive directive than a "living will," though still controversial. Because these directives can include instructions about the ...
This power of attorney does not impose a duty on your Agent to exercise granted powers, but when powers are exercised, your Agent must use due care to act for your benefit and in accordance with this power of attorney. Your Agent must keep your funds and other property separate from your...
power of attorney n.pl.powers of attorneyAbbr.PAorP/A 1.The authority to act on behalf of a person in certain specified matters, such as financial dealings, or in general. 2.A legal instrument granting such authority. American Heritage® Dictionary of the English Language, Fifth Edition. ...
Statementbut not by the attorney-client privilege or as work product. They/We are not a law firm or a substitute for an attorney or law firm. They/We cannot provide any kind of advice, explanation, opinion, or recommendation about possible legal rights, remedies, defenses, options, selection...