megbízólevél

Megbízólevél is a Hungarian term that translates to "power of attorney" or "letter of attorney" in English. It is a legal document that grants one person, the attorney-in-fact, the authority to act on behalf of another person, the principal, in legal or financial matters. The scope of authority can be broad or specific, depending on the terms outlined in the megbízólevél.

There are different types of megbízólevél. A general power of attorney allows the attorney-in-fact to handle a wide range of affairs for the principal, such as managing bank accounts, selling property, or making investment decisions. A special or limited power of attorney, on the other hand, grants authority for a specific purpose or for a defined period. For instance, it might authorize someone to sign a particular contract or to handle affairs only while the principal is incapacitated or abroad.

A durable power of attorney remains in effect even if the principal becomes unable to make decisions for themselves due to illness or injury. This type is often used for estate planning and to ensure that personal affairs are managed if the principal loses mental capacity. Without a durable power of attorney, a court may need to appoint a guardian or conservator.

The creation of a megbízólevél typically requires the principal to be of sound mind. It must be signed by the principal and, depending on Hungarian law and the specific context, may need to be notarized or witnessed to be legally valid. The attorney-in-fact has a fiduciary duty to act in the best interests of the principal. The megbízólevél can usually be revoked by the principal as long as they are competent to do so.