What is Power of Attorney?
During most of our lives, we make our own decisions and are responsible for taking care of ourselves. However, when the situation arises where you cannot make decisions or care for yourself, the power of attorney comes into play. What is the power of attorney? Quite simply, it is the handing over of power and authorizing some other individual to act on your behalf, whether in business or personal dealings, such as health care decisions. The person executing the document and assigning the powers is called the “principal”. The person who has the power of attorney is called the agent (or “attorney in fact”), and that person can sign documents in your name, enter into contracts, make medical decisions, and so on. The agent, that is, the person you assign with the power of attorney for you, does not have to be an attorney — anyone you choose can serve in this capacity. The POA must be in written form to be accepted by most hospitals, doctors, banks, insurance companies, etc. Most often, th
Power of attorney is a written instrument by which a person (the principal) appoints another agent (the attorney in fact) and confers upon the agent the power to perform certain specified acts on behalf of the principal. Power of Attorney: Creates an agency relationship, with the giver of the power of attorney remaining the legal owner of any property involved. If a Power of attorney is to be used when dealing with Central Washington Title Services, it must be pre-approved by us.
