The need for a Limited Power of Attorney for Finances and Property |
A Power of Attorney is a document that allows a person (known as the 'Principal') to appoint another person (known as an 'Agent' or an 'Attorney-in-fact') to act on their behalf.
There are many reasons why you might want to appoint someone else to look after your affairs. For example, if you are going to be out of the country for a lengthy period of time, you might want someone to do your banking while you are gone or you may even want them to execute documents in connection with the purchase or sale of a property. If you are approaching old age, you may simply want to give a Power of Attorney to a person you trust so that he or she can manage your property or affairs for you.
The scope of the authority given under a Limited Power of Attorney can cover a vast amount of financial and commercial issues or, if desired, it can simply be limited to one specific act or transaction only. The authorization is considered limited because it remains in force for a specific period only and is limited in scope to certain named activities or purposes.
You can set up your Limited Power of Attorney to cover specific situations relating to:
- Real estate;
- Bond, share and commodity trading;
- Business operating;
- Claims and litigation;
- Chattel and goods;
- Banking;
- Insurance; and
- virtually any other matter!
Benefits of having a Limited Power of Attorney
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By having a Limited Power of Attorney:-
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You can have someone complete personal and business contracts and transactions on your behalf even when you are unable to do so yourself; |
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You will have the peace of mind of being able to delegate burdensome tasks to people who can fully complete these in your absence; and |
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You can give your agent limited rights to manage all or some only of your affairs and thereby exercise a greater degree of control over your agent that you would be able to exercise under a General Power of Attorney. |
Limited Power of Attorney Kit
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Our Limited Power of Attorney Kit contains all the ready-to-use lawyer prepared legal forms and documents necessary to create a Durable Limited Power of Attorney to cover almost any conceivable situation. It also contains all the documents and forms necessary to revoke your Power of Attorney.
As well as taking you by the hand through the whole process of creating a valid and enforceable Power of Attorney, our legal kit also explores the following areas in detail:-
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Types of Power of Attorney; |
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Advantages and disadvantages of having a Power of Attorney; |
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Dealing with incapacity; |
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Duties and responsibilities of Agents; |
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Legalities surrounding Powers of Attorney; |
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Commencement and cessation of Powers of Attorney; |
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Revocation of Power of Attorney; and |
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much more... |
Only $19.95
100%, Ironclad, Money Back Guarantee.
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Only $19.95 |