Power of Attorney is a set of legal documents prepared according to the law of a country. It gives a particular agent, attorney, or a family member, the authority to execute tasks on behalf of the grantor. The financial power of attorney is limited to the fiscal and economic rights only. A financial power of attorney comes under the broader domain of power of attorney.
Israel has two types of Power of Attorney:
- The general power of attorney
- Enduring or ongoing power of attorney
There are a few subcategories as well. They include the irrevocable power of attorney and limited power of attorney. These have some specifications as to the authorities and the tasks that are to be executed.
The general power of attorney has been there in Israel’s constitution for a long time, and it loses its power when the grantor is no longer considered capable. The loss of mental capabilities may be a result of an accident, a disease, or any reason. The agent would no longer have the authority to execute any task on behalf of the grantor, and the court used to appoint a caretaker in that case.
In 2017, Knesset introduced a new power of attorney, which in Hebrew is known as “Yipui Koach Mitmashech.” The literal translation is “ongoing power of attorney.” This is a set of legal documents that allow a person to give authority on their behalf to anyone they seem fit. A power of attorney, in this case, holds even if the grantor loses his/her mental faculty. Only death or going against the limitations and principles mentioned in the power of attorney lead to the document being rendered null and void.
David Page and his law firm is a premier institution for this legal procedure. If you are looking for the financial power of attorney, then David Page is an ideal choice. David has been an attorney for the last 19 years and is licensed to practice in Israel and the United States of America. David has a lot of experience in the financial intricacies and is the ideal choice for any firm to represent them in a business situation. David is considered an expert in corporate law and has the experience and knowledge of an educator. It gives him a unique edge, and that is beneficial to any and every firm.
If you want to get the legal document prepared for the Financial power of attorney, then David’s law firm can get that done for you as well. The process requires an attorney specially trained for the procedure by the Administrator-General. The form for a power of attorney should be filled in Hebrew. It should be signed in the presence of the trained attorney. The firm would fulfill the above-given conditions, and the documents signed outside Israel, Israeli consulate, or without apostille certification do not hold power in Israel, and that is where the firm has an edge because they have experience of international law. They are adept at handling the legal crossroads for you.