A Power of Attorney is a document signed by one person (usually called the “donor”) giving another person (usually called the “donor” or the “attorney”) power to sign documents on the “donor’s” behalf and to do such things in relation to his or her affairs as are described specifically (a limited power) or generally (a general power) in the document.
If, for instance, you are buying, selling or mortgaging property in a foreign country, it may be convenient for you to give a Power of Attorney to a person in that country, usually a lawyer, to deal with the transaction on your behalf.
This will save you having to travel abroad to attend to formalities, and may help to smoothen out any problems affecting the transaction generally. In most cases, you will be required to sign the Power of Attorney in front of a Notary Public.
Powers of Attorney are important legal documents with potentially serious legal and financial consequences for the persons signing them. It is important, therefore, that you have competent advice as to the legal, financial and taxation implications of any intended foreign transaction and as regards the wisdom of giving a Power of Attorney to a foreign lawyer or other person whom you may never have met.
If you wish to make an appointment to prepare a Power of Attorney, please email email@example.com