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Power of Attorney
Barrister Amna (Alevels Academy Islamabad)
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9/8/2024
A Level Academy Islamabad
Category
📚
Learning
Transcript
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00:00
There's something about the word power that is so, well, powerful.
00:05
Just ask those who wield it.
00:07
They'll tell you.
00:08
There's a lot that comes with having power.
00:11
One type of power that has substantial ramifications is the power of attorney.
00:15
A power of attorney is a written document where one person appoints another person to
00:20
act as an agent on their behalf.
00:22
The person appointing the power to the agent is called the principal, and by doing this,
00:27
the principal gives the agent authority to perform certain functions or acts for them.
00:33
The specific authority a power of attorney grants depends on the specific language in
00:37
the document itself.
00:39
This can be giving someone final say over things like financial matters, health care
00:43
decisions, legal choices, or even the sale of a boat.
00:48
Power of attorney can also allow the agent access to bank accounts or personal files
00:52
and the ability to sign contracts.
00:55
For a power of attorney to be valid in the state of Florida, it needs to be signed by
00:59
the principal with two witnesses and an acknowledgment from a notary, though there are exceptions
01:05
regarding military powers of attorney and out-of-state powers of attorney.
01:10
One special type of power of attorney is called durable power of attorney.
01:15
These contain special language to make sure that they survive the incapacity of the principal.
01:21
Most powers of attorney granted today are durable.
01:24
LegalYou provides free, automated forms for you to use to create your own power of attorney,
01:30
fast and easy.
01:31
And LegalYou attorneys are always a phone call away to answer any questions you may
01:35
have about these important documents.
01:38
LegalYou, you can do this.
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