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The tricky world of personal finance sometimes gets so involved that the legal system comes knocking. If you're someone who doesn't have a lot of experience in finance, you might already be used to...
See Quo warranto § Philippines. R.A. N/A: English Abbreviation for Republic Act. raffle Original meaning: a type of lottery: English The system by which cases are assigned to judges in multi-sala courts. As of 1974, "[n]o case may be assigned to any branch without being raffled."
If the court determines an individual is incapacitated, the court then determines whether a guardian is necessary, the extent of the guardian's legal authority, (e.g. a guardian may be needed for the person's finances but not for the person) and, if so, who the guardian should be. [5]
Codification is predominant in countries that adhere to the legal system of civil law. Spain, a civil law country, introduced the practice of codification in the Philippines, which it had colonized beginning in the late 16th century. Among the codes that Spain enforced in the Philippines were the Spanish Civil Code and the Penal Code.
Continue reading → The post Power of Attorney vs. Guardianship appeared first on SmartAsset Blog. They are tools you can use to name somebody who can act for you if you become incapacitated or ...
The number of people over 50 years of age filing for divorce has been increasing in recent years. It has become so prevalent that the term “gray divorce” is now used to describe such divorces.
The LPA is a specific form of the more general power of attorney which is widely used in countries which have a common law system. The word attorney in this context is someone (or in some circumstances an organisation such as a company) legally appointed or empowered to act for another person.
A power of attorney may be: special (also called limited), general, or temporary. A special power of attorney is one that is limited to a specified act or type of act. A general power of attorney is one that allows the agent to make all personal and business decisions [9] [10] A temporary power of attorney is one with a limited time frame. [11]