Attorney-in-Fact

Attorney-in-fact is the term used to refer to a person authorized, through a power of attorney document, to act on behalf of another person. An attorney-in-fact is endowed with specific powers and responsibilities in the legal document, which may be very broad, or very narrow, depending on the needs of the person executing the document (the “principal”). To put it […]

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Power of Attorney

Power of attorney refers to the granting of authority to one individual to make decisions for, and to act on behalf of, another individual. Power of attorney maybe granted for a wide variety of situations, and may be assigned for one specific purpose, or to allow the individual given power of attorney to handle all of the principle’s personal and […]

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Durable Power of Attorney

A Power of Attorney document allows an individual (the “principal”) to appoint someone to act as an agent on his behalf. The agent, called an “attorney-in-fact,” though the agent need not be an attorney, can take care of important matters for the individual, such as managing finances, selling property, paying bills, or authorizing medical care. A general Power of Attorney […]

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Actual Authority

Actual authority allows a third party to act on behalf of, and engage in decision-making for a company or agency. Any authorization, decision, or act taken by the third party acting with actual authority is legally binding and enforceable within the courts.  To explore this concept, consider the following actual authority definition. Definition of Actual Authority Noun Specific powers granted […]

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