A Power of Attorney (POA) is a written document whereby an individual, who is referred to as the “Principal”, appoints another individual, who is referred to as the “Attorney-in-fact”, to act on his or her behalf, thus conferring authority on the attorney-in-fact to perform certain acts or functions on behalf of the principal. Powers of attorney serve the purpose of allowing the attorney-in-fact to carry out a number of dealings for the principal, as instructed by the latter, such as purchasing or selling land and properties, handling some bank accounts or maintaining a safe-deposit box, renewing visas and work permits or executing a deed for and on behalf of the principal.
A letter of attorney can be drafted to be either general, which confers broad legal authority, or special, which is limited to specific deeds. A power of attorney is generally terminated when the principal dies or becomes incompetent, but the principal can revoke the power of attorney at any time.
Thai Living Wills, which are regulated by the National Health Act of 2007, are a form of “conditional power of attorney”. A Living Will is an advance directive outlining what actions should be taken in the event that a person is no longer able to make decisions for themselves in case of illness or incapacity.
Whether you need it for personal or business reasons, we at MPG will be glad to assist you by tailoring a Power of Attorney that matches your specific requirements.