Power Of Attorney Legal Meaning and Definition
Here is a simplified definition of the legal term Power Of Attorney.
Power of Attorney (noun)
A legal document in which an individual (the principal) grants another person (the attorney-in-fact or agent) the authority to make certain decisions and perform specific actions on their behalf. This can include signing checks, handling tax audits, conducting business, or signing legal documents. The power granted can be general (covering a broad range of actions), specific (covering a particular action), or limited (restricted to certain times or events). The power of attorney becomes ineffective upon the death of the principal or termination of the agreement.