A Power of Attorney (POA) is a legal instrument that authorizes an individual to act on behalf of another person. The Power of Attorney Act 1882 elaborates on the power to act on behalf of someone. POAs are granted for various reasons, such as the donor being abroad, indisposed, or ill. Granting a POA makes it easier for another person to handle all the donor’s duties and responsibilities without burdening them. The person who grants the authority is called the donor. There are various types of POAs available, including General POA, Specific POA, Deed of revocation of POA, Durable POA, and Non-durable POA.

Convenience : A Power of Attorney allows you to appoint someone you trust to handle your affairs when you are unable to do so, making it a convenient way to manage your financial and legal affairs
Flexibility : Depending on your needs, a Power of Attorney can be tailored to be as broad or as specific as necessary. This allows you to appoint someone to handle certain tasks, such as managing your bank account, while still retaining control over other aspects of your life
Avoids disputes : By appointing a trusted person as your agent, you can help avoid disputes among family members or others who may disagree on how to manage your affairs
Continuity : A Power of Attorney ensures that your affairs will be handled even if you become incapacitated or unable to make decisions on your own.

Step 1: Consultation: The first step is to consult with Nexteel Solutions legal experts to understand the requirements and objectives of creating a POA.

Step 2: Selecting the type of POA: Based on the requirements, the legal experts will advise on the appropriate type of POA, such as a general POA, specific POA, durable POA, or non-durable POA.

Step 3: Drafting of the POA: Once the type of POA is selected,Nexteel Solutions legal experts will draft the POA document, including all the necessary clauses and details.

Step 4: Review and Approval: The draft POA document will be shared with the client for review and approval. Any changes or modifications required can be discussed and incorporated at this stage.

Step 5: Signing and Registration: After the finalization of the POA document, it needs to be signed by the donor in the presence of witnesses. Depending on the type of POA and state laws, it may also require registration with the appropriate authorities.

Step 6: Delivery of POA: The final executed POA document will be delivered to the donor or the designated attorney-in-fact as required.

1. Name and details of the parties

2. Powers that are being handed over to the designated person

3. Validity of the POA

4. Signature of the donor