They permit you to appoint any trusted steward to transact for you and in your name in whatever capacity you deem necessary. Moreover, they are beneficial for creating a Massachusetts power of attorney (POA) with full legal backing. You may use them to delegate any duties affecting your personal, family, health, and business life.
Duly filling them enables you to create a legally binding and enforceable instrument that ensures your appointed steward acts in your best interests. For instance, they let you assign some of your parental decision-making powers to a temporary guardian when traveling abroad for extended periods. You can also use a POA to assign commercial duties, such as asset buying or selling. It also lets you delegate medical decisions to a trusted steward when you can’t make them soberly.
In this delegated arrangement, you are the principal, grantor, or donor because you donate and grant some of your authority to a third party. The person you donate your authority to becomes your agent or attorney-in-fact.
A Massachusetts power of attorney is temporary and expires under various circumstances. For instance, it ends when its designated purpose is fulfilled. It also ends when your agent acts contrary to or beyond their delegated authority. You can terminate the POA directly or through a court of law.
Massachusetts laws require you to fill a revocation form to terminate a donor-agent relationship. You need to fill the form and sign it. However, the law requires you to be of sound mind when revoking it. Otherwise, the revocation will be null and void.
Additionally, a valid Massachusetts power of attorney should comply with the Power of Attorney Act (Chapter 190B). The POA Act specifies all the legal parameters that make the grantor-agent arrangement legally binding. This way, the form plus all its defined agent duties enjoy legal protection.