Easy to Use Legal Templates

Quickly and easily create any legal agreement for you or your team.

Affordable Plans

Straightforward pricing plans and bespoke packages built to simplify all your legal demands.

Vast Document Library

Zegal’s comprehensive collection of agreements means you always have what you need at your fingertips.

What is Zegal?

Watch to see how Zegal can help your business create, negotiate, and sign legal documents and contracts.

What is a Power of Attorney Template?

A Power of Attorney is a legal document to authorize power by the principal to an agent for performing certain tasks on their behalf.

Create Now

Why choose Zegal?

With Zegal, you can reduce legal risks and improve the efficiency of your contract workflow, allowing you to focus on your core business operations.

Our platform is flexible, scalable, and tailored to the needs of your business.

What is a Power of Attorney?

A Power of Attorney(POA) is a legal document to authorize power by the principal to an agent for performing certain tasks on their behalf.

A Power of Attorney consists of two parties, a principal and an agent. A principal is a person who authorizes certain power to an agent responsible for acting on behalf of principal interest.

A Power of Attorney can be used to make various decisions like financial decisions, healthcare decisions, or sign legal documents, etc.

What are the benefits of having a power of attorney?

A Power of Attorney can be used in different situations to transfer authority. For example, Person A (Principal) wants to buy a real estate property but is not available during the transfer process. In such a situation Person A can authorize Person B (Agent) to sign the documents on his behalf by drafting a power of attorney in Person B’s name.

What are the types of power of attorney?

A POA is categorized into 4 types.

General POA: It is used when a principal wants to authorize maximum power to the agent. In such an instance, an agent can perform various tasks like managing personal finances, buying real estate, and making decisions on behalf of the principal.

Durable POA: In a durable POA, the authorization of power will remain active even after the death or incapacitated situation of the principal. The main purpose of a durable POA is to plan for medical emergencies or situations where a principal is no longer capable of making proper decisions.

Limited POA: A limited POA is used when a principal wants to authorize limited power to an agent on his behalf. For instance: If a principal wants to sell his property, he/she can authorize that power to an agent who will act on their behalf for selling their property.

Durable POA: A springing durable POA is used when a principal wants to authorize power to an agent after he/she became incapacitated. In such POA, the authorization of power will become active once the principal became incapacitated.

What are the limits of a power of attorney?

A person can use a power of attorney to transfer certain rights to the agent however there are some limitations of assigning those rights. If a principal is not in a sound mental state, he/she cannot use a power of attorney to transfer their rights. This will also protect the principal from any possible fraud that may arise because of their mental problems.

Conclusion

A Power of Attorney is a legal document used for giving powers to an agent on the behalf of the principal. The agent uses those powers to act on the behalf of the principal according to their interest. There are different types of POA one can use according to their needs and requirements.

You Might Also Like

Along with this document, make sure you see these other templates in our library:

Stay compliant with the Zegal template library

Zegal legal template are meticulously crafted with the precision of AI and the expertise of seasoned human lawyers, providing a unique blend of speed and reliability.

You can trust that Zegal agreements are legally sound and fully compliant with current regulations.

Whether you're a startupSME, or a larger enterprise, Zegal contract management will automate and speed up your legal processes.

Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.

Don’t compromise on speed or compliance. Stay secure, compliant, and efficient with Zegal.

Nice things people say about Zegal.