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Literae Procuratoriae: This is a fancy Latin term that means "letters of attorney" or "power of attorney." It's a legal document that gives someone else the power to act on your behalf. This person is called an agent or attorney-in-fact. There are different types of powers of attorney, like a general power of attorney that lets the agent do any kind of business for you, or a special power of attorney that limits their authority to a specific matter. A durable power of attorney stays in effect even if you become unable to make decisions for yourself.
Definition: Literae procuratoriae is a Latin term that refers to letters of procuration or power of attorney. It is a legal document that grants someone the authority to act as an agent or attorney-in-fact for the grantor.
Examples:
These examples illustrate the different types of power of attorney and how they grant authority to an agent to act on behalf of the principal. For instance, a durable power of attorney is useful in situations where the principal becomes incapacitated and unable to make decisions for themselves. The agent appointed in the power of attorney can make healthcare decisions for the principal in such cases.