Power of Attorney of Property

AAA

DEFINITION of 'Power of Attorney of Property'

A legal document transferring the legal right to the attorney or agent to manage and access the principal's property in the event the principal is unable to do so themselves.

INVESTOPEDIA EXPLAINS 'Power of Attorney of Property'

The power of attorney of property usually includes all assets held by the principal, such as real estate, bank accounts and stocks. The terms of the contract, including what can and cannot be managed, are determined at the time the contract is established.

RELATED TERMS
  1. Usufruct

    A legal right accorded to a person or party that confers the ...
  2. Personal Property

    A type of property which, in its most general definition, can ...
  3. Patent

    A government license that gives the holder exclusive rights to ...
  4. Power Of Attorney

    A legal document giving one person (called an "agent" or "attorney-in-fact") ...
  5. Stock Power

    A legal power of attorney form that transfers the ownership of ...
  6. Plant Patent

    An intellectual property right that protects a new and unique ...
Related Articles
  1. Three Documents You Shouldn't Do Without ...
    Options & Futures

    Three Documents You Shouldn't Do Without ...

  2. Your Will: Why You Need A Power Of Attorney ...
    Options & Futures

    Your Will: Why You Need A Power Of Attorney ...

  3. Letter Of Instruction - Don't Leave ...
    Retirement

    Letter Of Instruction - Don't Leave ...

  4. Main Characteristics of Capitalist Economies
    Economics

    Main Characteristics of Capitalist Economies

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center