What is a power of attorney?
A Power of Attorney (POA) is a legal instrument that enables an authorized individual to act on your behalf, making decisions and carrying out actions when you are unable to do so. Whether you require temporary authorization within specific parameters or comprehensive management of your business affairs in Thailand, Witsaroot L&L offers consultation and assistance in drafting the Power of Attorney tailored to your needs.
In Thailand, a valid Power of Attorney requires the signatures of both the Principal and the Attorney-in-fact, witnessed by individuals or a Notarial Services Attorney. Notarization by the Notarial Services Attorney is also possible to authenticate the signatures. Additionally, the Power of Attorney must bear the required duty stamps to be recognized as an official document for legal purposes.
Advantages of a Power of Attorney
Decision-Making Authority – Grants a trusted agent the legal power to make decisions on behalf of the principal.
Incapacity Planning – Ensures that financial, healthcare, or legal matters are managed in case of the principal’s incapacity.
Convenience & Efficiency – Allows for remote handling of important affairs without requiring the principal’s physical presence.
Continuity of Affairs – Prevents disruption in personal or business matters due to unforeseen circumstances.
Tailored Authority – Customizable to fit specific needs, granting limited or broad authority as required.
Peace of Mind – Ensures that affairs are managed according to the principal’s wishes, providing legal protection and security.
Frequently asked questions
If you have any questions regarding legal services in Thailand, our experts are here to help!
A Power of Attorney (POA) is necessary for various reasons. It allows you to plan for incapacity, appoint someone to handle financial, legal, health, and property matters on your behalf, provides convenience and efficiency, and grants specific authority for specialized needs. A POA ensures that your affairs are managed according to your wishes and offers peace of mind in challenging circumstances.
To create a Power of Attorney (POA), you typically need a completed and signed POA form, proof of identity for both the grantor and agent, and witnesses or notarization depending on local laws. Consulting with an attorney is recommended to ensure compliance and tailor the POA to your specific needs.
The cost of a Power of Attorney (POA) service can vary depending on various factors, such as the complexity of the document, the specific powers granted, and the jurisdiction. Generally, the cost can range from 3,500 THB to 16,500 THB or more, depending on the complexity of the case and any additional services provided. It is advisable to consult with us to discuss the specific details of your POA and obtain an accurate quote tailored to your needs.
The cost of a POA service can vary significantly, nonetheless we can ensure our clients receive a fair and competitive rate.