π Power of Attorney (POA)
A Power of Attorney (POA) is a legally binding document that allows one person (the Principal) to grant legal authority to another person (the Agent or Attorney-in-Fact) to act on their behalf in specified matters. It is a crucial tool to ensure your affairs are handled smoothly, even when you are unable to act personally.
At Classic Trade Mark Office, we help you draft precise, legally valid Power of Attorney documents tailored to your unique needs β whether for personal, business, property, or financial matters.
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π What is a Power of Attorney?
A Power of Attorney is a formal authorization that enables the appointed person to make decisions and sign documents for the Principal. The scope of powers can be broad or limited, depending on your requirements.
There are different types of POAs, including:
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General Power of Attorney (GPA):
Grants broad powers to the Agent to handle all financial or legal affairs on your behalf.
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Special or Limited Power of Attorney (SPA):
Grants authority for specific acts, like selling a property or representing you in a particular transaction.
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Durable Power of Attorney:
Remains valid even if the Principal becomes mentally incapacitated.
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Revocable Power of Attorney:
Can be cancelled or modified by the Principal at any time, as long as they are mentally competent.
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Irrevocable Power of Attorney:
Cannot be revoked without the consent of the Agent.
π How to Use a Power of Attorney?
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Draft the POA:
Get it prepared by an experienced legal professional, ensuring it clearly defines the scope of powers and complies with applicable laws.
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Stamp Duty:
Print the POA on Non-Judicial Stamp Paper of appropriate value as per the stateβs Stamp Act.
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Execution & Notarization:
Sign the document in the presence of two witnesses. In many cases, notarization is recommended or mandatory.
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Registration:
For property matters, registration at the local Sub-Registrar Office is compulsory under the Registration Act, 1908.
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Send to Relevant Parties:
Provide certified copies to banks, authorities, or individuals who need to rely on the POA.
π Pro Tip:
Always choose your Agent carefully β they should be trustworthy, reliable, and capable of acting in your best interest. A clear, well-drafted POA can help prevent misuse and future disputes.
π Our Services Include:
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Free Consultation Call:
Understand your specific needs and decide what type of POA best suits you.
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Tailored Drafting:
Get a professionally drafted Power of Attorney, customized to your exact requirements.
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Registration & Compliance:
Get step-by-step guidance on stamp duty, notarization, and registration procedures.
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Related Services:
Need help with Revocation of POA, Affidavits, or Property Agreements? Weβve got you covered.
Classic Trade Mark Office β making legal drafting Simple, Affordable, and Reliable.