WHAT ARE POWERS OF ATTORNEY, AND WHEN SHOULD I STOP USING THEM ?.

Power of Attorney is a document by one person that gives another person written permission to do something on their behalf. For example, if you want someone to receive money on your behalf or sell something on your behalf, you do it using this written authority.

This authority is very specific, and you cannot assume or guess that the person also wanted to do something else. It also allows you to do things you would miss out on by not being around in person.

Unfortunately, this permission expires if the work is done or if the person who gave you the permission dies before you do what they told you. For example, if Derrick gives Martin permission to sell his land but then Derrick passes away this week, then Martin can no longer rely on the written permission to sell the land three months from then.

This is because, by law, you can only act for a living person, not “Ghosts.’

📷: Unsplash

Source; BarefootLaw

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