Power of Attorney

A Power of Attorney is a legal document where one person, the principal, authorizes another person, the agent, to act on his behalf. The agent has just so much power as the principal gives him. In legal terms, the agent is referred to as the principal’s “attorney in fact”. The principal can appoint the agent to act for him in many various matters or in just a single transaction. For example, if a husband and wife sell their house but one of them is unavailable to attend the closing, the absent spouse can appoint the other to act as agent for the sole purpose of signing documents at the closing. Continue reading