Types of Power of Attorney (POA)
- General POA – Grants broad legal authority.
- Special POA – Limited to specific transactions.
- Durable POA – Remains valid even if the issuer becomes incapacitated.
Why is a POA Important?
- Allows someone to act on your behalf in property or business matters.
- Used by NRIs to handle Indian property affairs.
Role of a Lawyer in POA
- Drafting a legally binding Power of Attorney.
- Ensuring proper registration and notarization.
- Advising on revocation and misuse prevention.
A valid POA safeguards your legal and financial interests.
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