Business Standard

PRECAUTION­S TO TAKE WHEN HANDING OVER PoA

-

There should be clear communicat­ion that he must consult you prior to taking important decisions on your behalf

In the PoA document, spell out clearly the limitation­s of what the person can/cannot do

In case of a general power of attorney, powers to do certain things can be specifical­ly excluded Engage profession­als to draft the PoA document

Use lawyers to double check the agreements that your agent enters into on your behalf

Newspapers in English

Newspapers from India