Vollmachtregelung

Vollmachtregelung refers to the legal concept of granting someone the authority to act on behalf of another person. This delegation of power is typically formalized through a document known as a power of attorney, or "Vollmacht" in German. A Vollmachtregelung can be established for various purposes, including financial matters, healthcare decisions, or general representation. The scope of the authority granted can be broad, encompassing all legal and financial affairs, or it can be specific, limiting the agent's powers to particular transactions or decisions.

There are different types of Vollmachtregelung. A general power of attorney grants extensive authority, while a special power of attorney is limited to a specific act or period. A durable power of attorney remains effective even if the principal becomes incapacitated. The person granting the authority is called the principal (Vollmachtgeber), and the person receiving the authority is called the agent or attorney-in-fact (Bevollmächtigter).

A key aspect of Vollmachtregelung is that it is based on trust between the principal and the agent. The agent is legally obligated to act in the best interests of the principal and to account for their actions. If the agent abuses their power, they can be held legally responsible. Vollmachtregelung is an important tool for estate planning and ensuring that one's affairs are managed according to their wishes, especially in situations where the principal may become unable to manage their own affairs. The creation and use of a Vollmachtregelung are subject to specific legal requirements in different jurisdictions.