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Looking for a power of attorney notary? You might have heard of the terms PA or POA. This is commonly referred to as “Power of Attorney.”
Do you know how the power of attorney notary functions? What’s the process? There are many individuals out there who are unaware of all the hidden aspects of it. To help you with this, I am here to offer you my services.
As a Notary public of Singapore, I will be able to attest to your signing on the power of attorney for valid use overseas.
Power of attorney: An instrument that is created by a person making someone else eligible to act on their behalf.
Donor: The donor is called the grantor of a power of attorney. Besides this, he is also commonly referred to as the principal or executant.
Donee: he is the intended recipient of the authority. He acts as the recipient and is known as the attorney-in-fact or the agent.
Are you planning to authorise somebody else to act on your behalf? Do you want to make your family member, friend, relative, or someone else your donee? You will have to sign on the power of attorney to authorise the use of this document. And this is largely done in front of a Notary Public.
Why do I need a power of attorney?
Here are several reasons that reflect the importance of having a power of attorney.
- Buying products
- Selling stuff
- Paying bills and payments
- Signing contracts
- Making business agreements
- Buying or selling property
- Lease of your property
When you make a power of attorney, you legally give that person the right to act on your behalf.
The donor is the person who assigns the power to the other individual.
The donee is the person who receives the power from the donor.
When do I require a Power of Attorney?
Do you spend a lot of time abroad? Do you have to travel to manage your business affairs or personal matters? If yes, this is the case when you need a power of attorney the most. This legal instrument will help you manage your chores easily and efficiently.
Important Point
Appointing a power of attorney doesn’t mean you won’t have any rights or power over your affairs. It will only assist and serve as a helping hand in case you are not available.
Who Should Be Your Attorney-in-Fact?
When it comes to choosing someone as your power of attorney, the most important thing on the list is trust. You need to ensure that the person is reliable and trustworthy. This is because that particular individual will have access to your private matters, be it to your business, property, health, house, business contracts, or financial data.
There are five different types of powers of attorney
You never know what will happen in the future, so be prepared. Here are the five kinds of power of attorney services that I offer.
- General Power of Attorney
- Specific Power of Attorney / No-Durable Power of Attorney
- Housing and Development Board (HDB) POA
- Lasting Power of Attorney (LPA)
- Conditional / Springing Power of Attorney
Can I create my own POA?
Yes, you can surely get your own power of attorney. But the thing is that you need the services of an expert. It is advisable to hire an official legal expert to help you through the process so that you can make effective decisions.
The process of power of attorney is not simple, so chances are that you might get stuck. So it is better to seek assistance beforehand. Drafting a power of attorney
- Getting documents arranged
- Signing the documents