power of attorney

Popular Terms
Written legal authority given by one party (the principal) to another (the agent or attorney-in-fact) to act on the principal's behalf. It may be a (1) General power Of attorney that authorizes the agent to act generally on behalf of the principal, or (2) Special power of attorney that is limited to a specific act or situation. Decisions made and actions taken by an attorney in fact (within the scope of his or her authority) are legally binding on the principal. A power of attorney can remain in force only so long as the principal is alive and does not become disabled or incapacitated. Although it is often conferred on the principal's attorney, one does not need to be an attorney at law to be an attorney-in-fact.

Use 'power of attorney' in a Sentence

My grandmother owns our family business but due to dementia setting in we now have to decide who will be power of attorney.
18 people found this helpful
A power of attorney (POA) or letter of attorney is a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter, sometimes against the wishes of the other. The person authorizing the other to act is the principal, grantor, or donor (of the power)
16 people found this helpful
Leonard trusted his sister implicitly and when he became too ill to handle his legal affairs competently, he made arrangements to grant power of attorney to her.
14 people found this helpful

Email Print Embed