Power Of Attorney Template Nz. A power of attorney form is a legal document completed by an individual ("Principal") to appoint someone else to act on their behalf ("Agent" or "Attorney-in-Fact"). Power of attorney is a legal document that allows an individual (known as the "Principal") to select someone else ("Agent" or "Attorney-in-Fact") to handle their business affairs, medical responsibilities, or any decision that requires someone else to take over an activity based on the Principal's best.
This POA will go into effect immediately upon signing and stays in effect if you become incapacitated or incompetent.
No attorney in fact shall be obligated to furnish bond or other security.
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The agent is also called an "attorney-in-fact", which is different than an attorney at law. An Enduring Power of Attorney remains valid even if the donor later becomes mentally incompetent. Various power of attorney form: durable, medical, irs.
