Covid-19 and Powers of Attorney
With widespread travel restrictions being implemented, it is becoming increasingly difficult to carry out transactions with an international element such as buying or selling a property abroad, or applying for tax registration. In these circumstances, it may be worth considering the use of a power of attorney to keep things moving.
A power of attorney is a document where authority is given to one individual (the grantee) by another (grantor). This authority will give the grantee authority to carry out actions specified in the power of attorney on behalf of the grantor, therefore removing the need for the grantor to be physically present to carry out these actions themselves. The power of attorney can be drafted for limited specific actions or more broadly to allow a grantee freedom to deal with all aspects of a transaction.
Contact your local MyNotary member who can facilitate the use of a power of attorney – and will tell you what charges are payable.