A quick reference guide on which template to use in relation to Powers of Attorney (POAs).
POA - Individual - Unlimited and Unqualified
This statutory form of power is similar to that contained in the English Powers of Attorney Act. It is suitable only for use by an individual since it is unlimited and unqualified. It therefore enables to the Attorney to do any act which may be done by the Principal except those which require the Principal to act himself (e.g. swearing an affidavit or performing duties of a personal office held by him, e.g. directorship).
POA - Individual - Limited
This POA for individual is limited in terms of the powers granted to the Attorney, as well as a limitation in the term (time) given.
POA - Individual - Incapacitated Financial Affairs
This enduring POA for individual is to appoint an Attorney to manage his / her financial affairs in case he /she becomes incapacitated / lacks mental capacity to make decisions.
POA - Individual - Incapacitated Medical Decisions
This medical POA for individual is to appoint an Attorney to make medical, health and care decisions in case he /she becomes incapacitated / lacks mental capacity to make decisions.
POA - Corporate - Transaction
This POA is suitable for a corporate entity in connection with appointing an Attorney for the execution of a corporate or commercial transaction.
POA - Corporate - Documents Execution
This POA is suitable for a corporate entity in connection with appointing an Attorney for the execution of documents.
POA - Corporate - Company Secretary
This POA is suitable for a corporate entity in connection with the appointment of a company secretary or a corporate servicing company for the performance of corporate services.
POA - Corporate -General
This POA is drafted for a company to appoint an Attorney for general / specific purposes.
POA - Corporate -Security
This POA is drafted for a company (the security provider) to appoint an Attorney (the lender) for the purpose of enforcing the security.
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