GENERAL POWER OF ATTORNEY
Summary A General Power of Attorney may be used where a person needs to give someone else authority to perform transactions, enter into agreements, and to generally conduct or oversee activities on their behalf.
Why do I need a General Power of Attorney? Before a person can transact, enter into legal agreements or conduct activities on behalf of another person, the consent of that person is required. For example, the authority to sell someone else’s goods or vehicle, the authority to collect money owing or take legal action against a non-paying debtor, or the authority to open or close accounts or generally to enter into agreements. This template GPA can assist you to record the consent.
Who should use a Power of Attorney? If you want to authorise someone else to do things, sign documents or enter transactions or agreements on your behalf, then a Power of Attorney may be used. It is often used by people who travel abroad extensively and want to leave a responsible person in charge of their affairs at home. It is also commonly used by elderly people who ask their adult children to attend to their affairs on their behalf.
Note that a General Power of Attorney, or GPA, is wide and all-encompassing. If a principal wants to limit the appointed agent’s authority to a specific, identified activity, then our Special Power of Attorney may be considered.
What does the template say? The template General Power of Attorney consists of: The details of all the transactions, agreements, and activities permitted to be done by the agent; The details of the agent authorised to enter into the transactions, agreements, and activities on the principal’s behalf.
What does the General Power of Attorney look like? The template can be printed onto three pages.
What do you need to do to use the template General Power of Attorney?
- Read the sample GPA to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and sign.
Be aware that a GPA can have limited application in instances where transactions have additional requirements, which can include signing powers over a bank account or selling immovable property. Any additional requirements depends on the transaction and any statutory requirements.
Also known as: Authorisation; Principal and Agent; Power of Attorney
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