Details of Parties

POA describes the details of the person assigning the financial Power of Attorney and of the party receiving the powers (Agent)

Date and place of execution

The POA states the date and place where it was executed and when it will come into force.

Reasons for granting Financial POA

POA will state the reasons of why it is being given to ensure that the act that the parties are seeking to complete is not against the law. The document specifies the specific powers that the principal is granting to the agent, such as the power to manage financial affairs, make medical decisions, or conduct business transactions on the principal's behalf. The document may specify any limitations or restrictions on the agent's powers, such as a time limit or a restriction on the types of decisions that can be made.

Validity

Registering a Financial POA gives it legal authorization and gives the power of actions to an agent to act for another person.

Powers and Responsibilities Revocation

The document may include language allowing the principal to revoke a power of attorney at any time, for any reason.

Successor Agent

The document should specify the name and contact information of a successor agent to act on the principal's behalf in case the first agent is unable or unwilling to continue.

Draft of the POA

Draft of the original written POA

Identification Proof

Identity proof of the parties involved

Proof of Property

Electricity bill or tax receipt (for property-related POA)

Photograph

Passport size photograph of both parties

Witnesses

2 witnesses along with their ID proofs (identity and address)

Customized POA draft

Registered POA (original) is home delivered.