Varavaltuutettu

Varavaltuutettu is a Finnish legal term that translates to "deputy authorized representative" or "substitute trustee". It refers to a person who is appointed to act on behalf of another person, known as the principal, in specific matters. This appointment is typically made through a power of attorney, known as a valtakirja.

The varavaltuutettu has the authority to handle legal, financial, or personal affairs of the principal, as outlined in the valtakirja. This can include tasks such as managing bank accounts, making healthcare decisions, signing contracts, or representing the principal in legal proceedings. The scope of the varavaltuutettu's powers is determined by the specific terms and conditions of the valtakirja, which must be clear and unambiguous.

A varavaltuutettu has a fiduciary duty to act in the best interests of the principal and must exercise due care and diligence in performing their duties. They are accountable for their actions and can be held liable for any damages caused by negligence or misconduct. The appointment of a varavaltuutettu can be terminated by the principal at any time, or it may expire upon the occurrence of certain events, such as the principal's death or incapacitation, depending on the terms of the valtakirja. In situations where a person is unable to manage their own affairs and has not appointed a varavaltuutettu, a legal guardian or trustee may be appointed by a court.