You may be tasked to have a POA or power of attorney notarized. Powers of attorney are not simple documents; they are actually powerful, which is why they have to be notarized in order to grant individuals or organizations the ability in acting on your behalf whenever you are unable to do so.
In this article, we’ll provide you with all the essential information you need to know regarding the notarization of POAs in the United Arab Emirates (UAE).
What are the Basics that I Should Know Regarding a POA?
Powers of attorney are powerful documents as mentioned earlier. They grant an organization or individual the ability in acting on your behalf. The grantor of the authority or powers is referred to as the principal. A power of attorney is useful when you have important decisions to carry out but you won’t be present to execute them for whatever reason.
When powers of attorney are drafted, they contain the names of those that are the agents or attorneys-in-fact. An agent will be the one who will act with your best interests in mind. Think of the agent as a person whom you gave power of attorney for authorization in settling legal matters, conducting a certain business, or signing documents on your behalf.
When you are choosing a person or organization to be your agent or attorney-in-fact, you are entering into what’s called as a fiduciary agreement, which means the agent will always act with your best interests in mind. The agent can be a member of the family, a friend, or an attorney. When selecting your agent, you should always make sure that you appoint one that you can trust completely. Also, it is important for a power of attorney to be drafted properly so the likelihood of the legal document of being abused is reduced.
What are the Different Kinds of POAs in UAE?
Not all powers of attorney are suitable, depending on your needs and requirements. In good right, POAs are able to grant agents huge responsibilities. For agents, they will be able to make legal or financial decisions, close on properties, and settle claims among others.
The common kinds of powers of attorneys that should be notarized are as follows:
A general POA is the broad type of POA, which means it grants broad powers to an agent. Whenever an agent is granted general powers, the powers can include settling claims, selling or purchasing real estate and properties, and entering contracts.
If you are interested in granting a person or organization-specific powers to exercise, then a special or limited power of attorney Dubai will be the best type to make. A special or limited POA can specify exactly what you want the agent to perform on your behalf. As a rule of thumb, you should be very specific as to what you want the agent to do and can’t do with a special POA.
There is also the non-durable POA which is only used for a certain period of time. It is usually for one transaction wherein the principal grants an agent authority on acting on his or her behalf. As soon as that particular transaction has been completed, the non-durable POA ceases. It will also be ceased if the principal becomes incapacitated during or before the time of executing the transaction.
If you want to know which is best for your specific situation, it is advised that you consult with lawyers in UAE.
When is Notarization Required for a Power of Attorney?
Appointing an attorney-in-fact with the use of a POA makes it incredibly important, plus it has to be executed. When notarizing a POA, a notary public Dubai authenticates the identities of the parties that are signing.
A public notary plays a crucial role in the execution of a POA. The duty of a notary public when notarizing a POA is centered around verifying the facts in the POA and the identities of signatories. A notary public is also required to affirm the appearance of the parties involved before the notary and make sure they enter into the agreements on their free will. The principal will sign the POA as w3ell as the agent the notary will then sign and seal or stamp the power of attorney.
Where Should I Notarize my POA?
If you are ready in executing your POA, then a convenient way in getting it notarized is by sending it over to a reputable notary public Dubai. If you choose to seek our help in the notarization of a power of attorney in Dubai, we can guide you throughout the process and make sure you get a seamless and hassle-free signing experience.
Call us today if you wish to know more regarding the notarizations of powers of attorney.