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Power of Attorney

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Introduction

Tax and Services, your trusted destination for all your legal needs. At Tax and Services, we specialize in providing comprehensive guidance on the intricacies of Power of Attorney. Recognizing the pivotal role that Power of Attorney plays in legal matters, our dedicated team is committed to empowering you with the knowledge and resources needed to navigate this critical aspect of legal affairs. Whether you are seeking to grant or obtain power of attorney, our platform serves as a reliable resource to demystify the complexities surrounding this legal instrument. Trust Tax and Services for expert insights, reliable information, and a seamless experience in understanding and utilizing the Power of Attorney. Your legal empowerment begins here.”

Advantages of Power Of Attorney

Streamlined Decision-Making

Granting Power of Attorney allows individuals to designate a trusted representative to make decisions on their behalf. This can be particularly beneficial in legal and financial matters, ensuring that important decisions are made promptly and efficiently, especially in situations where the individual may be unavailable or incapacitated.

Continuity of Affairs

Power of Attorney provides a seamless transition of responsibilities in case of unforeseen circumstances, such as illness or incapacity. By appointing an agent through Power of Attorney, individuals ensure that their financial and legal affairs continue to be managed according to their wishes, maintaining stability and continuity.

Efficient Tax Management

The appointed agent under Power of Attorney can handle tax-related matters on behalf of the individual, ensuring timely filing and compliance with tax regulations. This advantage becomes particularly relevant during periods of extended absence or when individuals face challenges in managing their own tax affairs.

Continuity of Affairs

Power of Attorney provides a seamless transition of responsibilities in case of unforeseen circumstances, such as illness or incapacity. By appointing an agent through Power of Attorney, individuals ensure that their financial and legal affairs continue to be managed according to their wishes, maintaining stability and continuity.

Process of Power of Attorney

Placing request

As we receive a request from you for drafting Power of Attorney, our expert team will share a questionnaire to be filed by you for taking your request forward. In which basic details will be sought like the purpose of creation and type of attorney etc.
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Step 01

Drafting power of Attorney

After receiving the said questionnaire and the information relevant for drafting of the Power of Attorney, we will begin to draft the same and if in need we require any other information the same will be sought by us through a call. The drafting of Power of Attorney might take 2-4 business days.
Step 02

Sharing of Ist draft

Once the POA is ready from our side we will share a draft of the same with you for final approval. If you find the same in order the final copy will be shared in a day and if corrections or additions are required then the same will be revised and verified by our team.
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Step 03

Sharing of Final Agreement

Our experts will do the needful and the same will be shared with you as final POA.
Step 04

Types of Power of Attorney

General Power of Attorney

When a person gives another person a complete general right or a power to act lawfully pertaining to his/her property or bank accounts or tax payment, or work of registration.

Special Power of Attorney

A Special Power of Attorney is created when any particular task or specific task or act is to be performed. Once the said particular act is done the Special power of Attorney comes to an end.

Durable Power of Attorney

The Durable POA does not have a set time period and it becomes effective immediately upon the incapacitation of the principal can be used to allow an agent to manage all the affairs of the principals even after principal’s death.

Non- Durable POA

A non – durable POA is prepared for a specific period of time where an agent can take every decision on behalf of the owner but as soon as the validity gets over the non- durable Power of Attorney cannot take any decisions.

Important Clauses of POA

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