What is General Power of Attorney?
A power of attorney is a grant of legal rights and powers by
one person to another. A General Power of Attorney gives the agent the authority to
handle all affairs during a period of time when you are physical and/or mental health
is compromised. This power of attorney can be accessed digitally, which is
commonly known as digital power of attorney. Ethiopian Embassy Consular provides digital power of attorney with E-POA
iOS/ android to processes POA fast and secure.
This power of attorney gives following rights to the agent:
- Handling banking and other transactions
- Filing tax returns
- Buying, selling, or managing real estate and other property
- Entering contracts
- Settling claims
·
Financial and legal matters
A general power of attorney gives broad authorization to act
in many areas as opposed to a special power of attorney that is limited in
scope. It’s important to note that a power of attorney can be used in
non-estate planning instances.
Comments
Post a Comment