A notary public in Raffles Xchange is a public servant appointed by a state official. The general focus of his or her job is to witness the documents’ verification and administer oaths. They serve to deter fraud, appearing as an impartial witness for legal documents such as affidavits, deeds or powers of attorney. The presence of a notary public helps to screen for imposters and make sure both parties are entering into an agreement knowingly and willingly.
Similarly, legalization is the process of proper authentication or screening of documents or the notary by the high commission or the embassy or the consulate of the country in which the document is to be used is authorized to or located in Singapore. In simple terms, it is the official confirmation of the originality of the documents or we can say that document legalization is just the confirmation that the stamp, seal or the signature showing in the document is genuine and not a fraud.
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A Power of Attorney form refers to a lawful certificate that confirms the formation of a relationship among two persons, called an agent and a principal. This document allows the principal to authorize an agent to work on his behalf. There are many kinds of such forms. It may be general, where the agent can act on behalf of the principal for any matter, or it can be specific, allowing the agent to act on the part of the principal for certain predefined businesses only.
You'll need to sign a general Power of Attorney form when you authorize an attorney to fully take responsibility of acting on your behalf and represent you in all legal matters which may pertain to your property or finances or another legal matter pending against you..
A Power of Attorney form should necessarily contain the following information:
- The name and address of the principal
- Principal's social security number
- The duration of time for its validity
- It should clearly state the power resting with the agent
- Date and signature
For matters concerning estate tax, it should include the name of the deceased, date of his/her death and authorization of the agent.
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Notary services are becoming more and more commonplace as businesses learn about them. They provide a convenient way for a loan seller to take their loans to the buyer. What usually happens is an agent with a notary service will get the paperwork together about a loan (as example). They will then take the paperwork to the buyer and make sure everything is in order and that all the papers get signed.
By using this service a buyer is getting the convenience of having the paperwork brought to them. The seller isn't having to worry about the paperwork themselves and has time to focus on more important issues.
A notary is authorized to do many things relating to legal matters. Some of these things are:
- They can give and take oaths and affirmations.
- Take proofs of deeds.
- Make protests regarding non-payments.
- Take acknowledgements.
It is very important that a notary be honest in their intentions. If a notary isn't honest it can ruin the whole legal process and cause a lot of hassle for every party involved.