Power of attorney, when we separate the terms we have that letter comes from the Latin "charta" and this from the Greek "kharhtes" or "χάρτης" which refers to an ancient sheet of papyrus that was used to write on it; on the other hand the word power from the Latin "potēre" which refers to possession. Now when it comes to power of attorney it is to describe a private legal document, registeredby a grantor with their respective witnesses, which is of little formality as far as its appearance and writing are concerned; In this document, a certain individual assigns the rights, power and authority, whether limited or unlimited, to one or more people, public or private institutions so that one or more legal procedures can be carried out. In other words, the power of attorney is a writing by which a person grants or grants authorization to another person on his behalf to carry out administrative, commercial, judicial or domain acts.
The person who assigns this power or authorization is called the grantor; and the person to whom this power is granted is called a proxy. It is important to add that a power of attorney does not include authorization about health decisions from the grantor to the agent; In other words, it only covers legal and financial matters or aspects.
A power of attorney must contain certain information such as: the name of the attorney-in-fact, include in it the word “grant”, a specific statement about the powers, responsibilities, obligations and authorization that will be assigned to him, in addition to the statement of the During the time, the power of attorney and finally the signature and the name of the grantor will be transferred, and also of the witnesses, who usually are two.
