If you have business interests, you may require a General Power of Attorney or an Ordinary Power of Attorney. These two types of document make it possible for you or your business to appoint individuals or corporate bodies to act on your behalf.
What is a General Power of Attorney?
A General Power of Attorney is a legal document under Section 25 of the Trustees Act 1925 that allows a person, trustee or corporate body to delegate all their functions to an Attorney, a group of Attorneys or a corporate body.
What is an Ordinary Power of Attorney?
An Ordinary Power of Attorney is pursuant to Schedule 1 of the Powers of Attorney Act 1971 and allows an individual to grant powers to an Attorney or Attorneys to act on behalf of the Donor to manage their financial affairs. This is different to a Lasting Power of Attorney as an Ordinary Power of Attorney is only valid so long as the person who makes it retains mental capacity.