Power of Attorney
A Power of Attorney (POA) is an instrument which grants authority for one person to act on someone else’s behalf. The person giving the authority is called the Principal or Grantor, while that who is given the authority is called the Agent or Attorney-in-Fact.
The two usual forms of POAs are the General Power of Attorney (GPA) and the Special Power of Attorney (SPA). As their names suggest, a GPA allows for broader and more durable authority, while an SPA is one which is limited in scope and duration.
The law requires both Principal and Agent to be legally capacitated, and able to either give or execute the powers enumerated in the POA. It must also conform with all other formal and substantial requisites of law for it be considered valid and enforceable, among which is the notarization of the instrument after it is signed by both parties.
Two Forms of Power of Attorney in Thailand
- The General Power of Attorney (GPA) allows broader authority
- The Special Power of Attorney (SPA) is limited in scope
Advantages Of Power Of Attorney In Thailand
There are several types reasons why you need a Power of Attorney, among of which are as follows:
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