A General Power of Attorney allows a person to act and decide on another person’s behalf. This person is granted broad powers to handle the property, financial, legal and other matters of another.
A General Power of Attorney allows a person (the “agent”) to act and decide on another person’s behalf (the “principal”). The agent is granted broad powers to handle the property, financial, legal and other matters of the principal. With Legal Tree you can create a General Power of Attorney covering a broad range of powers and customize them depending on your situation.
A General Power of Attorney is necessary if you wish to appoint another person to act and decide on your behalf. It is normally executed when the principal is unable to manage his affairs & decide on his own and will need an agent to act on his behalf. However it may also be executed even if the principal is not incapacitated and just wishes to appoint an agent to manage his affairs.
A General Power of Attorney protects you by ensuring that your property, financial, legal and other matters are taken cared of even if you are incapacitated and unable to decide. It ensures the continuity in the management of your affairs even if something were to happen to you.
Both powers of attorney are used to appoint an agent to act on the principal’s behalf. However they are different in terms of the number of powers granted. A General Power of Attorney is used to grant the agent broad powers to handle the principal’s affairs. On the other hand a Special Power of Attorney is used to grant the agent only limited or specific powers.
To create your General Power of Attorney you’ll need the following minimum information:
The document costs PHP 400 for a one-time purchase.
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