To get a power of attorney in Singapore, the process involves several steps to ensure legal compliance. A power of attorney is a legal document granting someone the
authority to act on another’s behalf in specific or general matters. This document is commonly used for property transactions, managing financial affairs, or
other legal arrangements.
Determine the type of power of attorney needed. There are two main types in Singapore: general power of attorney, which grants broad authority, and specific power of
attorney, which is limited to particular matters like property management. It is best to consult a legal expert or drafting service to ensure that the document meets
the legal standards.
Next, the document should be drafted on a standard template or through an attorney. It should contain details of who the principal and the donee are, the scope of
authority, and the period for which such authority is to run.
The draft of the power of attorney should be signed by the principal in the presence of a notary public or a lawyer. This is important to have proper witnessing and
attestation, which is basically necessary for legal validity.
Lastly, for matters concerning properties, the power of attorney is lodged with the Singapore Land Authority. The document allows the donee to act in land transactions
upon registration.
A Power of Attorney ensures the matter of delegation of responsibilities goes through smoothly. For professional services in legal documentation,
One IBC Singapore is always ready to help with your needs.