General Power of Attorney | Legal document | authorizes 1 person to act on behalf of another in all

A General Power of Attorney (GPA) is a legal document that authorizes one person to act on behalf of another in all legal matters. It's a broad grant of authority, allowing the agent to handle various tasks, such as:

- Financial Transactions: managing bank accounts, buying or selling stocks, and handling business transactions
- Property Matters: buying, selling, or managing real estate
- Contractual Rights: invoking or waiving contractual rights
- Gifts and Donations: making gifts or donations on behalf of the principal

A GPA is often used when someone is unable to manage their affairs due to illness, disability, or absence. However, it's essential to note that a GPA typically becomes invalid if the principal becomes incapacitated, unless it's specified as "durable".

To create a GPA, you'll need to draft the document, which can be done by a lawyer. The document must be signed in the presence of two witnesses and a notary public. Stamp duty for a GPA is typically Rs.100.

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