power of attorney Archives - Legal Dictionary

Attorney-in-Fact

September 5, 2015 by: Content Team

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 […]

Power of Attorney

May 15, 2015 by: Content Team

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 […]

Conservatorship

April 28, 2015 by: Content Team

The legal term conservatorship refers to the appointment of a guardian to manage the affairs of an individual who is physically or mentally unable to care for himself. A conservator is appointed by the court, and may be appointed to manage only the individual’s financial affairs, or to manage the individual’s “person,” seeing to the activities and needs of daily […]

Actual Authority

December 1, 2014 by: Content Team

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 […]