What is a general power of attorney?
It shouldn't be the case often that a lawyer and Jesus Christ have something in common. What connects the two, however, is the endowment with a power of attorney. Evidence for the latter can be found in the Bible. The lawyer looks after clients' interests by means of a simple power of attorney. Legal representation can, however, also be exercised with a general power of attorney.
The power of attorney is one of the oldest and most important forms of safeguarding legal interests. It is a fact that power of attorney has grown in importance over time.
What a general power of attorney is
Complex areas of responsibility and legal transactions have to be divided up, especially in modern business life.
- Current business life would probably come to a standstill were it not for the possibility of granting a power of attorney. Among the numerous different types of power of attorney, one stands out. This is the general power of attorney.
- Anyone with a general power of attorney can represent the principal in all legally permissible areas as a general representative.
- Only special, highly personal legal transactions are excluded from representation. This includes drawing up a will.
- Before granting a general power of attorney, the principal must be very sure that his interests are represented as desired. A general power of attorney may only reach trustworthy and competent persons.
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Why should you make someone a general representative?
- A general power of attorney has been common in everyday business for many years. Athletes or artists employ their own managers or agents to take care of business obligations. Without the possibility of granting a power of attorney, they would not be able to concentrate on the actual day-to-day business.
- A general power of attorney can also be used specifically to grant a specific person an extra right of representation. A tenement house, for example, can be managed on the basis of a general power of attorney.
- In the private sector, a general power of attorney makes sense above all if the legal representation is limited to certain occasions (emergency situations, accidents or illnesses). If there is no general power of attorney in an emergency, the law provides for the court order of a supervisor.
A general power of attorney is valid when it has been confirmed by a notary. In private matters, the power of attorney should always state exactly what the proxy may do in detail. If necessary, detailed explanations should regulate banking transactions, property sales, litigation powers and a guardianship.
