A power of attorney is a legal instrument through which an individual (the principal) authorises another person (the attorney or agent) to act on their behalf in specified personal, financial, or legal matters. The scope of authority may be broad or limited, depending on the terms outlined in the document, and can include managing property, handling financial transactions, or making decisions in the principal’s best interests. A power of attorney must typically be executed in accordance with applicable legal formalities to ensure its validity and enforceability. Obtaining legal advice is recommended to ensure the document accurately reflects the principal’s intentions and provides appropriate safeguards.
