What is the Power Of Attorney Act?
Through a Power of Attorney (POA), one individual (the principle) grants another (the agent) the authority to handle all of the principal's financial, legal, and medical affairs. It establishes the agent's obligations, protects the principal's rights, and may contain safeguards against the agent being taken advantage of. As long as the principle is of sound mind, they can be terminated at his request, and the POA must be completed in compliance with the legislation. As such, it offers a way to regulate the agent and the actions that they are permitted to conduct. https://www.edrafter.in/power-of-attorney-act/
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