Be careful while giving power of attorney

Power of attorney is a written document authorizing to act on behalf of someone else in private affairs, business affairs, land dealings etc.

Usually power of attorney has been given to somebody known to the person and if the person is not able to present physically to execute a specific deal. Although it has been a common practice to give power of attorney to others, it is very important document and you have to be extra careful before executing such a deal. The procedures for power of attorney Scotland is very simple but it is very strict too.

As the policy of the globalization has been adopted by many nations, the rate of migration has been increased in the recent past. The people who were already settled in some places chose to move to other places in search of bright future. This made them to be away from their native places. Many such people may have ancestral properties or earned properties in their native place. It can be a piece of land with a house constructed in it or a farm. When they get settled in the new place and they do not like to return to their native place, the next thing they think about will be disposing their properties. Using this money they can either improve their life or can purchase a property in the place of their choice. The person has to be present physically to complete such deals. But due to various practical difficulties, some may not be able to be there at the time of the deal. Instead they give a power of attorney to somebody whom they knew well. The procedures for power of attorney Scotland will not be completed unless and until you register that document after remitting the necessary fees.

The danger in giving power of attorney Scotland is that it is giving all the power to the person to decide on various matters related to that particular deal. If the deal involves any sale this person who is having power of attorney has the right to select the buyer and also has the right to decide the price. Here a lot of misdeeds can happen if the person having the power of attorney is not trustworthy. So, even the lawyers are advising people to choose the right person. As we mentioned earlier, the process of power of attorney Scotland is simple but strict too. Once you have given that, it is very difficult to take it back. You have to go for a lengthy procedure to cancel it. So, be careful while giving power of attorney to anybody. Try your level best to close the deal yourselves. Avoid depending on others to the maximum extent.

Steve Mich - About Author:
Steve Mich is the author of this article and writes about Law news and other matters. For further details about Power of attorney Scotland please visit the http://www.wilsonandfish.co.uk .

Article Source:
http://www.articleside.com/law-articles/be-careful-while-giving-power-of-attorney.htm

Related Law Articles

Related Law Topics

form i 9 commercial law startup act jonas act pau gasol lawyer fairfax for injury medico legal