GPA Abbreviation

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Popular abbreviations of GPA:

Searching for GPA abbreviation / GPA full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does GPA mean?

GPA is the abbreviation for General Power of Attorney which is a legal document that authorizes an individual called the agent to act on behalf of the other individual called the principal. According to the document, the principal grants his authority to the agent on grounds of not being able to make decisions.

As compared to the Special Power of Attorney, which is limited to property decisions, the General Power of Attorney isn’t specific in nature and provides authority regarding decisions in the legal, financial, medical and business domains of the principal. The GPA is an irrevocable document and the principal needs to ratify what the GPA specifies and does.

What is the Power of Attorney?

As specified above, a Power of Attorney is a legal authorization by the principal to the agent to act for and take decisions on the behalf of the principal. A Power of Attorney is quite crucial when the individual is not able to take decisions on account of some disability or illness.

This provides the agent to sign off financial or legal transactions without any delays. A Power of Attorney can be canceled only when the creator dies if it is invalidated by the law or the agent himself is not able to carry out the specified duties.

Working of a Power of Attorney

For making a Power of Attorney, the principal can approach a family law counsel in the same state of their residence. They could also prefer a legal services office where the associated legal cost may be considerably less.

Nowadays, there are various Legal services websites that provide legal services at a very reasonable cost in an efficient manner. Both the parties i.e. principal and agent need to sign the documents and generally a third party witness is also required for signing it.

Types of Power of Attorney

Apart from General Power of Attorney which is based on affairs related to property and real estate, there are other types as well such as Limited Power of Attorney which limits the power of the agent. The durable Power of Attorney is effective till the person wishes to act as the principal and allows the agent to act on his behalf.