Notarial Power of Attorney:
A notarial power of attorney is a public document signed by a physical or legal person, with the approval of a notary, to designate another person as their legal representative. This authorizes the designated person to act on their behalf in various legal or material matters.
This tool is very useful for different life situations, particularly to resolve some bureaucratic processes in the business world.
Through these documents, notaries ensure that the identity of the person granting the power, known as the principal, and their intentions are in accordance with the law. The person appointed as the legal representative or attorney-in-fact must prove this condition by presenting a copy of the granted authorization.
Different Types of Notarial Power of Attorney:
General Powers:
These are deeds in which a person grants another person all possible powers to manage their entire estate. This type of power is characterized by having very broad powers, which can be risky.
Special Powers:
These are deeds in which a person grants another person specific powers to perform one or more concrete actions. This type of power is characterized by having limited powers, for example, the ability to buy, sell, or make wills, etc.
Powers for Litigation:
This is a notarial document by which a person grants powers of representation in court to their lawyers and legal representatives.
Travel Authorizations:
When minor children travel abroad without being accompanied by their parents or guardians, this notarial document can authorize the trip. The minor must carry the document along with their ID or passport.
Preventive Powers in Case of Incapacitation:
These are powers in which a person grants another person the authority to act on their behalf in case they become incapacitated in the future. It is a very useful tool to avoid complications as one gets older.
Commercial Powers:
These are powers granted by a company, through its administrator, to a person who will be able to carry out one or more commercial operations on behalf of the company.
Required Documentation:
For General Powers:
ID (DNI) of the principals, name, address, and marital status.
If it is a company, the powers of attorney or current appointment of administrators.
Information about the attorneys-in-fact: name, address, marital status, and ID.
Powers being granted (for what matter the power is granted).
For Powers for Litigation:
ID (DNI) of the principals, name, address, and marital status.
If it is a company, the powers of attorney or current appointment of administrators.
Names of the legal representatives (procuradores) and attorneys and the legal association to which they belong. (Important)