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ANNEX 1: Power of Attorney

ANNEX 1: Power of Attorney 2025

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The document outlines the Power of Attorney for the administration of funds, detailing the rights and responsibilities of the attorney appointed by the undersigned to manage investment fund units. It includes provisions for compliance with Luxembourg law, requirements for certified identification documents, and conditions related to anti-money laundering (AML) and know your customer (KYC) regulations. Additionally, it covers general terms and conditions for subscription orders, confidentiality, data processing, and the status of well-informed investors under Luxembourg law.

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Who is usually given power of attorney?

Your agent can be any competent adult, including a professional such as an attorney, accountant, or banker. But they may also be a family member such as a spouse, an adult child, or another relative.

Why would someone want more than one person with the power of attorney?

Shared responsibilities: By appointing several agents to handle different assets, such as your real estate and artwork, you may use their specialized skills and expertise to your advantage. One agent might know more about real estate, while the other might know more about valuable artwork.

What are the 4 types of power of attorney?

In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical. Understanding these distinctions is crucial for selecting the POA that best suits your individual needs: General Power of Attorney.

Who is the best person for power of attorney?

No, an agent is not personally liable for a principals nursing home bills. They are only required to manage and pay the bills using the principals assets, not their own personal funds. How can a Virginia estate planning attorney assist a Power of Attorney?

Which is a key disadvantage of a power of attorney?

A Power of Attorney Could Leave You Vulnerable to Abuse Often, this does not happen at least not unless or until abuse of power becomes egregious. Because of the potential that an agent could take advantage of you or steal from you, it is very important that you select the right person to act as your agent.

Should a power of attorney be a family member?

If a principal believes giving power of attorney to multiple family members would better serve their interests, it is within their rights to designate as many agents as theyd like. And they dont have to be family members, either.