What Is The Full Form Of GPA In Law?

GPA full form in law is General Power of Attorney. This is a legal paper that gives the right for one person, called an agent or attorney-in-fact, to do almost anything that the principal (the person who chooses the agent) can do. This includes the dealing of money, doing a business deal, and making legal choices in regard to the time the principal is still alive. Most of the time, the GPA gives wide powers in the agent to do things, for instance, open or close bank accounts, purchase or sell the principal’s property, look after investments, and others on behalf of the principal.

General Power of Attorney Summary:

GPA is a strong legal tool that enables an appointed agent to take care of the principal’s matters in many areas, mainly important to enable dealing with money and legal issues well.

Legal Implications and Usage:

The GPA contains major legal and financial responsibilities. The agent is entitled to make decisions for the principal and materially affect his money and legal status. So, it becomes very important for the principal to choose a very reliable agent, as the power given is very great. GPA continues to remain valid so long as the principal desires in the absence of specific termination or death or incapacity of the principal to contract. This may come in cases where the GPA needs some sections or limits so that it will not be misused, but rather that it works under its intention. For instance, some areas may limit agents from using the principal’s assets for their own benefit unless clearly allowed.