0 the legal right to act for someone else in their financial or business matters, or the document that gives you this right --
1 law a legal document in which you give another person the right to act for you, esp. in financial or legal matters --
2 the legal right to make financial or business decisions for someone else, especially because they are old or too ill to deal with things themselves: --
3 a legal document that gives someone the right to make financial or business decisions for someone else: --
It is a very common thing for a soldier or sailor to leave behind with his best friend what is practically a power of attorney.
If an owner is abroad, or cannot be got at, he must have given a power of attorney to somebody else.
The main problem concerns building society accounts held by disabled people but operated under a power of attorney.
People who go abroad to be soldiers, sailors or diplomats normally grant a power of attorney to somebody at home.
Under present law, a power of attorney automatically comes to an end if the donor becomes mentally incapable.
An elderly person may grant an enduring power of attorney to a friend or relative to manage and control his or her affairs.
But to be an enduring power, a power of attorney must satisfy a number of stringent requirements.
They are away for long periods, and instead of using power of attorney with regard to their securities they prefer to use their bank.
