Who Is Considered a Legal Representative
Nevertheless, we have encountered cases where the legal representative acted without the prior consent of the shareholders and carried out actions such as selling company assets, signing contracts without authorization and/or granting company funds to support friends and/or family. In the State of Pennsylvania, the following individuals may be considered legally authorized representatives of a potential subject matter and may be able to provide substitute consent: A fundamental part of the incorporation process and a reason for the importance of consulting legal experts to define the power and control conferred on the legal representative. Frontotemporal degenerative disorder (FTD) can impair a person`s ability to communicate verbally, limit thought processes, and impair judgment. As FTD disorders progress, it becomes more difficult for the affected person to make informed decisions about personal health care, financial and legal matters. It is important that there be discussions about who will make decisions on behalf of a person with FTD. Ideally, these conversations should begin early in the course of the disease, when a loved one with FTD can best participate and determine who is best able to take care of their personal interests when they are no longer able to do so. A legal representative may be appointed if an adult is unable to make or communicate an informed decision because of a mental or physical disability. When a person dies, who takes care of fulfilling their personal obligations, such as paying bills, selling real estate and other assets? The answer is the somewhat generic term “legal representative”. But what does a legal representative do, what types are there and how do you become one? “Estate” is simply the legal term for all property of the deceased at the time of death, including money in the bank, jewellery and other valuables, real estate, boats, recreational vehicles and business interests. “Legal representative”. Merriam-Webster.com Legal Dictionary, Merriam-Webster, www.merriam-webster.com/legal/legal%20representative.
Retrieved 6 January 2022. When a person dies, the personal representative of the deceased is the executor or administrator of the deceased`s estate, or the person legally authorized by a court or state law to act on behalf of the deceased person or their estate. The term “personal representative” is used interchangeably with the executor (named as such in the will) and the administrator (appointed by the courts to administer the estate). This is the person who is responsible for a person`s estate after his or her death. In doing so, the individual assumes certain personal legal responsibilities and is therefore a position that is not taken lightly. For example, if a company does not pay all relevant corporate taxes and/or does not act in good faith, local authorities may take legal action directly against the company and the legal representative. A provider or plan may choose not to treat someone as your personal representative if they have reason to believe that the person could expose you to situations of domestic violence, abuse or neglect. A power of attorney is a written power of attorney that gives another person the authority to act on behalf of a person in private, business or other legal matters. A power of attorney defines exactly what aspects of the person`s life are managed by another. The person who authorizes another person to act on his or her behalf is called the contracting authority or constituent of the power of attorney. The person authorized to act on behalf of the principal is called an agent or attorney. The personal representative of a minor child is usually the parent or legal guardian of the child.
State laws may affect guardianship. An example of a legal representative is an executor, a person named in a will to oversee the disposition of a deceased person`s property. If the testator does not have a will, a court may appoint a legal representative. Someone who receives a power of attorney is another example of a legal representative. Powers of attorney can be used to make health care decisions for people who are unable to work, or to give a representative the authority to make decisions on behalf of a person who does not have the mental capacity to consent and make decisions. Therefore, it is important that when choosing a legal representative, the focus is on confirming the powers granted and ensuring that the selected person is a trusted partner, employee and/or contact of business owners. To be appointed as a legal representative, the person must be a local or foreigner with the legal right to live and work in the country. A legal representative has a “power of attorney,” which means they have the right to make decisions about your property. To buy and sell property, pay bills, and direct actions on everything and everyone in your estate.
You act as an executor and are responsible for carrying out your wishes in accordance with your will. A lawyer can help you fill out an executor of the estate. Read more: What is a personal representative in a will? A legal representative or legal representative is the natural or legal person who represents the best interests of a person after his or her death. They are empowered to make decisions on matters affecting the affairs and personal lives of the person they represent.