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Power of attorney is used to indicate that you allow any person to represent you in your absence as your legal representative. It can be used if anyone become unable to make his decisions. The person, whom you give your POA (Power of attorney) can ? Sell all your assets ? Handle Banking Transactions ? Maintain Business Transactions ? Settle Claims ? Collect Debts ? Collect Money ? Can make an contract Types of Power of Attorney ? General Power of Attorney ? Limited Power of Attorney ? Health Care Power of Attorney ? Durable Power of Attorney ? Springing Power of Attorney So before giving someone your authority you should keep some points in mind: ? You should give your POA to the person who is in your control. ? You should have trust on him. ? Don’t make a power of attorney unless you need it. ? If you feel that you will need it in future then make it but don’t sign it until you feel need of it. ? Always mention an expiration date on power of attorney, never make it for indefinite period of time. ? Also make sure to check on the period of time of POA. Steps to make a POA ? Select type power of attorney you want ? Select your attorney ? Complete the required documents ? Pay registration fees ? Register your power of Ways a lasting power of attorney can end itself A lasting power of attorney will not be valid if the attorney: • dies • loses the ability to make decisions - ‘mental capacity’ • gets divorce or breaks a civil partnership with the donor It can continue if: • there are other attorneys who can act ‘jointly and severally’ • there are replacement attorneys Now question comes to your mind that what you should do if any one uses your POA in wrong way. If you want to cancel your POA before the time it expire then prepare and execute Revocation of Power of Attorney. And send a copy of this to the representative of the one whom you have given your authority of representation. You can get revocation papers in the states of United Nations in the register of deeds office where your power of attorney is registered. If you feel difficult to do it yourself then you should take the help of Raleigh Lawyer. For More info please click here Every country has different rules and regulations for this. In united states, it is valid in every state. But you will need the help of any lawyer who deals in the power of attorney. So you can find suitable lawyer for you.
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