Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. Actions of an agent can obligate the principal to third persons. Actions of an agent may also give a principal rights against third persons.
An agency can be created for the purpose of doing almost any act the principal could do. However, there are some acts that must be done in person and cannot be done by an agent. Examples would be: testifying in court for another individual, making a will, and voting.
A general agent is authorized by the principal to transact all the affairs of a particular kind of business. For example, a person appointed as manager of a store is a general agent.
A special agent is authorized by the principal to handle a particular business transaction or perform a specific act. For example, a specific power of attorney appointing an agent (attorney-in-fact) to sell a particular piece of real estate or a certain car would be the appointment of a special agent.
A universal agent is authorized by the principal to do any act that can be delegated to a representative. An example would be giving a person a general power of attorney. This form is such a general power of attorney.
A Georgia General Power of Attorney is a legal document that grants an individual, referred to as the "principal," the authority to appoint someone, referred to as the "agent" or "attorney-in-fact," to make important decisions and handle legal, financial, and personal matters on their behalf. This authorization is broad and encompasses a wide range of powers, allowing the agent to act in the best interests of the principal when they are unable or unavailable to do so themselves. The Georgia General Power of Attorney provides the agent with the ability to manage various aspects of the principal's affairs during their lifetime. These powers may include managing bank accounts, handling real estate transactions, signing legal documents, filing tax returns, managing investments, engaging in business operations, collecting debts, and making healthcare decisions. By granting such broad authority, the principal entrusts their agent with the responsibility of acting prudently and in accordance with their wishes. It is important to note that there are different types of Georgia General Power of Attorney, each serving specific purposes tailored to the principal's needs. These types include: 1. Durable Power of Attorney: This type of power of attorney remains in effect even if the principal becomes incapacitated or mentally incompetent. 2. Non-Durable Power of Attorney: Unlike a durable power of attorney, this type ceases to be valid if the principal becomes mentally incompetent or incapacitated. 3. Springing Power of Attorney: This type of power of attorney becomes effective only when a certain event or condition is met. For instance, it may come into effect when the principal is declared legally incompetent. In summary, a Georgia General Power of Attorney is a versatile legal document that allows individuals to delegate authority over their affairs to a trusted agent. It is crucial to understand the different types available to ensure that the power of attorney aligns with the principal's specific requirements and circumstances. Hiring an attorney to draft or review the power of attorney document is highly recommended ensuring compliance with Georgia state laws and to safeguard the principal's interests.A Georgia General Power of Attorney is a legal document that grants an individual, referred to as the "principal," the authority to appoint someone, referred to as the "agent" or "attorney-in-fact," to make important decisions and handle legal, financial, and personal matters on their behalf. This authorization is broad and encompasses a wide range of powers, allowing the agent to act in the best interests of the principal when they are unable or unavailable to do so themselves. The Georgia General Power of Attorney provides the agent with the ability to manage various aspects of the principal's affairs during their lifetime. These powers may include managing bank accounts, handling real estate transactions, signing legal documents, filing tax returns, managing investments, engaging in business operations, collecting debts, and making healthcare decisions. By granting such broad authority, the principal entrusts their agent with the responsibility of acting prudently and in accordance with their wishes. It is important to note that there are different types of Georgia General Power of Attorney, each serving specific purposes tailored to the principal's needs. These types include: 1. Durable Power of Attorney: This type of power of attorney remains in effect even if the principal becomes incapacitated or mentally incompetent. 2. Non-Durable Power of Attorney: Unlike a durable power of attorney, this type ceases to be valid if the principal becomes mentally incompetent or incapacitated. 3. Springing Power of Attorney: This type of power of attorney becomes effective only when a certain event or condition is met. For instance, it may come into effect when the principal is declared legally incompetent. In summary, a Georgia General Power of Attorney is a versatile legal document that allows individuals to delegate authority over their affairs to a trusted agent. It is crucial to understand the different types available to ensure that the power of attorney aligns with the principal's specific requirements and circumstances. Hiring an attorney to draft or review the power of attorney document is highly recommended ensuring compliance with Georgia state laws and to safeguard the principal's interests.
