The power of attorney is a public document that a natural or legal person signs with the approval of a notary to appoint another person as their legal representative. In this way, they authorize the representative to act on their behalf in various legal or material actions.
This measure is ****very useful for different life situations, particularly to handle certain bureaucratic processes in the business world.
Through these documents, notaries ensure that the identity of the person granting the power, known as the ***grantor, as well as their intentions, comply with the law. The person designated as the legal representative or attorney-in-fact must ***prove their status by presenting a copy of the granted authorization.
We distinguish between different types of powers of attorney:
General powers:
These are deeds by which one person grants another all possible powers to manage their entire estate. This type of power is characterized by very broad authority, which poses a risk.
Special powers:
These are deeds by which one person grants another the authority to carry out one or more specific actions. This type of power is characterized by limited authority, for example, the power to buy, sell, execute wills, etc.
Litigation powers:
This notarial document grants a person the power to represent them in court through their lawyers and legal representatives.
Travel authorizations:
When minor children travel abroad without being accompanied by their parents or guardians, their travel can be authorized through this notarial document, which the minor must carry along with their ID card or passport.
Preventive powers in case of incapacitation:
These powers are granted by one person to another to carry out everything necessary in case the grantor becomes incapacitated in the future. It is a very useful instrument to avoid problems as one grows older.
Required documentation:
ID card, NIE, passport, or residence permit of the person granting the power.
Specific information of the person to whom powers will be granted, including their identification document number.
Commercial powers:
These are powers granted by a company, through its administrator, to a person who will then be able to manage one or more commercial operations on behalf of the company.
Required documentation:
ID card, NIE, passport, or residence permit of the administrator.
Specific information of the person to whom powers will be granted, including their identification document number.
The articles of incorporation.
The deed appointing the current administrator, if not specified in the articles of incorporation.
The real ownership deed.