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Power of Attorney

A Power of Attorney (PoA) is an instrument in writing authorizing another person to act as one’s agent or attorney. Agency is a relationship between two persons, in which one, typically referred to as the “agent,” is considered in law to represent another person, typically referred to as the “principal.” A PoA allows the agent to act in the best interest of the principal. By this authorization, the agent can affect the principal’s legal position, in respect of strangers to this relationship, by enabling the agent to enter contracts on behalf of the principal and related to disposition of the principal’s property. Regularly, a principal authorizes the agent to act for his or her benefit and on his or her behalf. The instrument of a ...

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