For those who don’t know, powers of attorney are basically binding legal documents that basically make it possible for you to nominate an agent. Once the agent is nominated, he has the power to make multiple sorts of decisions on your behalf. To put it in simple words, you need to get a power of attorney drafted so as to nominate a person who will act as your agent and has the power to make decisions related to your healthcare and financial issues in case you become unable to do so.
There are a number of reasons why people these days might be interested in drafting a special power of attorney in Dubai. However, most end up putting off the idea due to the many misconceptions that are around these days about drafting one. Here’s a look into a few misconceptions surrounding powers of attorney along with facts to debunk them:
- Attorneys can do whatever they like once they are nominated
A major reason why people are so scared of getting a power of attorney made is because they believe that they will lose complete control over their assets the minute they sign an attorney. However, the fact of the matter is that there are heavy restrictions placed over attorneys and what they can and cannot do has a lot of rules surrounding it. Apart from that, there are a number of checks and balances that make it impossible for attorneys to abuse their position. Even when you get a POA drafted, you have the authority to add in as many clauses as you want as well as restrictions. The authorities also ensure that the attorney cannot act beyond the powers vested into him by you.
- You can only make a power of attorney when it is needed
Many people refrain from getting a power of attorney made for the simple reason that they believe it can only be made when there is an imminent need. This isn’t true at all. You can get a power of attorney made whenever you want. Imagine, what if you get into an accident and no longer have the ability to make decisions for yourself? What would you do in this case? To deal with things in such a situation, it is necessary for you to appoint an attorney or agent. Hence, you must always have a power of attorney drafted well in advance. Get more information about this and get your POA drafted right away.