Specific Powers of Attorney
The most common use for a Power of Attorney, or a Specific Power of Attorney as they are sometimes described, is where the buyer or seller of a property is unavailable to sign the necessary paperwork to complete the transaction and so appoints another, often a partner in the firm of solicitors which is advising, to act as the Attorney.
The practical purpose of a POA is not only to invest the Attorney with power to act for the Donor, but also to provide him with a document defining the extent of his authority, which he can produce as evidence to the third parties with whom he will deal. In the example, the third party would be the buyer's or seller's solicitors.
If you would like to discuss the above, please email us or go back to our other contact details.