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District of Columbia General Power of Attorney

Category:
Power of Attorney - General
State:
Multi-State
Control #:
US-04099BG
Format:
Word; 
Rich Text
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Description

Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.


An agency can be created for the purpose of doing almost any act the principal could do. However, there are some acts that must be done in person and cannot be done by an agent. Examples would be: testifying in court for another individual, making a will, and voting.


A general agent is authorized by the principal to transact all the affairs of a particular kind of business. For example, a person appointed as manager of a store is a general agent.


A special agent is authorized by the principal to handle a particular business transaction or perform a specific act. For example, a specific power of attorney appointing an agent (attorney-in-fact) to sell a particular piece of real estate or a certain car would be the appointment of a special agent.


A universal agent is authorized by the principal to do any act that can be delegated to a representative. An example would be giving a person a general power of attorney. This form is such a general power of attorney.

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FAQ

General Power of Attorney vs. Special Power of Attorney. While a special power of attorney gives the agent authority for a limited set of actions under a restricted set of circumstancessuch as buying or selling a home, withdrawing money from an account, or running a businessa general power of attorney is more broad.

Procedure for Power of Attorney in IndiaDraft the Power of attorney whether special or general, by a documentation lawyer or through a website.Submit the power of attorney with the Sub-Registrar.Attach the supporting documents with the power of attorney.Attest the power of attorney before the Registrar.More items...

Difference Between General And Special Power Of Attorney A General power of Attorney is very much different from a Special power of Attorney. The GPA always confers a general power of performing while the Special power of Attorney confers only a specific power to perform any particular act or task.

You can limit the power you give your attorney so that they can only deal with certain assets, for example, your bank account but not your home. An ordinary power of attorney is only valid while you have the mental capacity to make your own decisions.

Steps for Making a Financial Power of Attorney in D.C.Create the POA Using a Statutory Form, Software, or Attorney.Sign the POA in the Presence of a Notary Public.Store the Original POA in a Safe Place.Give a Copy to Your Agent.File a Copy With the Land Records Office.Consider Giving a Copy to Financial Institutions.

A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.

Power of attorney (POA) is a legal authorization that gives a designated person, termed the agent or attorney-in-fact, the power to act for another person, known as the principal. The agent may be given broad or limited authority to make decisions about the principal's property, finances, investments, or medical care.

Requirements for Power of AttorneyOriginal power of attorney and a few copies.Application form for attestation of power of attorney.His original passport along with its copy.His original Computerized National Identity Card (CNIC) or National Identity Card for Overseas Pakistanis (NICOP) along with its copy.More items...

The Power of Attorney registration process includes the following formalities:Drafting of the Power of attorney whether general or special, by a.Submitting the POA with the Sub-Registrar.Attaching the supporting documents with the POA.Attesting the POA before the Registrar.Attesting of the POA by 2 witnesses.

Is the Special Power of Attorney still valid? The SPA is no longer valid because one of the modes of extinguishing the agency is the death of the principal (or the agent).

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