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What is Power of Attorney?

A Power of Attorney (POA) is a legal document that allows one person (the principal) to authorize another (the agent or attorney) to act on their behalf in legal, financial, or property-related matters. POAs can be General or Specific, and may be used in personal or business transactions.

Why is Power of Attorney Important?
  1. Empowers someone trustworthy to act when you're unavailable.
  2. Essential for NRIs to manage property or bank matters in India.
  3. Legally accepted by courts, banks, registrars, and institutions.
  4. Avoids legal complications by providing formal authority in writing.
Types of Power of Attorney
  1. General POA: Broad authority over property, finance, and legal matters.
  2. Special POA: Authority limited to a specific task or transaction.
  3. POA for NRIs: For Indian citizens living abroad managing Indian assets.
  4. Durable POA: Continues even if the principal becomes incapacitated.
What Does It Include?
  1. Legal drafting of General or Special POA
  2. Execution with proper signatures and witness
  3. Notarization or registration as per requirement
  4. For NRI: Embassy attestation or Apostille if applicable
Documents Required for Power of Attorney
  1. ID proof of both Principal and Agent
  2. Property documents (if POA is related to a property)
  3. Passport copy (for NRI execution)
  4. Stamp paper of appropriate value (as per state rules)
  5. Two witnesses with valid ID proof
Who Needs a Power of Attorney?
  1. Senior citizens delegating authority to trusted family members
  2. NRIs managing Indian property or bank accounts
  3. Business owners authorizing partners or staff
  4. Busy professionals unable to be physically present
When Should Power of Attorney Be Used?
  1. When traveling or residing abroad
  2. During property purchase, sale, or rent registration
  3. When authorizing legal representation in court
  4. When handling banking or business formalities remotely
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