What is a general Power of Attorney in Ukraine?
There are situations when a person cannot personally sign papers, deal with important matters and handle problems. In such a case, lawyers recommend to execute a general Power of Attorney. The document transfers a certain range of powers to another person. In this circumstance, the person you trust will act on your behalf.
The Power of Attorney is of help if you are going abroad, cannot take the time and attend in person when financial, property and legal issues are resolved. It is worth clarifying that the concept of “general Power of Attorney” is not imposed in Ukrainian legislation. Usually, transfer of a wide range of powers to another person is meant by this.
What are the benefits of a general Power of Attorney?
To get the document, you should turn to a notary for a general Power of Attorney to be legally effective. The notary's office checks the documents and authenticates signatures. After execution of the document, it is valid for the specified period.
An agent gets the opportunity to perform the following actions:
- resolving legal issues related to a company or enterprise;
- property management: sale, donation, rental, driving (in the case of a power of attorney for a vehicle).
It is worth remembering that a person with a general Power of Attorney acts in the interests of an owner. That is why it’s worth to give broad powers to a reliable person whom you trust. Notarial general Power of Attorney confirms broader powers of another person. Such a document will help when the proprietor, owner, urgently goes abroad, cannot be present at transactions and other issues.
You can terminate the Power of Attorney in the following cases:
- upon expiration of the period the document indicates
- if a grantor independently decides to terminate the powers of another person in relation to his/her property
- death of a grantor or an agent;
- restructuring of the company for which the power of attorney was issued.
General Power of Attorney: cost of notary services
The document can be issued for any movable and immovable property. The paper temporarily transfers the right to use or manage an apartment, land plot, legal firm, vehicle and other property. A person who is trusted with this right should act in the interests of an owner. The document specifies all the powers that the owner transfers.
The General Power of Attorney price is determined individually by the notary. The cost of the service depends on the nuances of the procedure. For the service to be rendered, it is necessary to submit the following papers to the notary's office:
The package of papers may change, so we recommend that you consult with the specialists of our office by telephone in advance. This will help to expedite the service execution time. After signing the document at a notary public’s office, a general Power of Attorney gains strength and significance. A notary in Kyiv, Yevheniia Anatoliivna Averina, will help you to draw up any type of Power of Attorney quickly and professionally so that you can delegate your affairs to a person you trust.