Overseas Owner Guidance6 min readDinesh D Bajaj
Why Broad Powers of Attorney Can Create Risk
A power of attorney is a practical tool, not a convenience to be handed out widely. Scope, duration and accountability matter more than the signature.
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How wide authority goes wrong
- Authority that outlives the reason it was given
- Powers used for a transaction you did not intend
- Difficulty unwinding what has already been done
Narrow instruments, specific purposes
- One task, one document, one period
- Reporting obligations written into the arrangement
- Why we do not seek broad authority over client assets
Getting qualified help
- Drafting and execution belong with your lawyer
- What we can do alongside that, and what we cannot