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{"id":92138,"date":"2023-04-27T14:53:46","date_gmt":"2023-04-27T11:53:46","guid":{"rendered":"https:\/\/lawoffice.org.il\/%d7%99%d7%99%d7%a4%d7%95%d7%99-%d7%9b%d7%95%d7%97-%d7%91%d7%9c%d7%aa%d7%99-%d7%97%d7%95%d7%96%d7%a8\/"},"modified":"2024-06-24T16:26:23","modified_gmt":"2024-06-24T13:26:23","slug":"irrevocable-power-of-attorney","status":"publish","type":"post","link":"https:\/\/lawfirmbackup_200125.k1uagm.ap-southeast-2.wpstaqhosting.com\/en\/irrevocable-power-of-attorney\/","title":{"rendered":"Irrevocable Power of Attorney (POA) in Israel"},"content":{"rendered":"

What is an irrevocable power of attorney and how is it obtained? As opposed to a regular power of attorney, which allows the agent to act on behalf of the principal, an irrevocable POA is unlimited in time and cannot be canceled by the principal. In other words, an agent who receives an irrevocable POA is authorized to act as specified in the POA letter even against the wishes of the principal. This an accepted way to enforce real-estate contractual obligations.<\/b><\/p>\n

Our law firm, which has branches in Jerusalem and Tel Aviv, offers a wide variety of notary services: legal translation of documents, authentication of signatures, regular powers of attorney (POAs), enduring POAs<\/u><\/span><\/a>, irrevocable POAs, and more. In this article, lawyer Michael Decker explains about the differences between a regular and irrevocable POA and when each is needed.<\/p>\n

\"Irrevocable<\/p>\n

WHAT IS THE DIFFERENCE BETWEEN A REGULAR AND IRREVOCABLE POA?<\/b><\/h4>\n

A POA<\/u><\/span><\/a> allows the agent to perform legal actions on behalf of the principal in respect to a third party. The law allowing this is the Agency Law, 5725<\/u><\/span>\u2013<\/u><\/span><\/span>1965<\/u><\/span><\/a>, which states that \u201ca person\u2019s agent has legal status equivalent to his own\u201d and, therefore, every act of the agent binds the principal or grants them privileges as if the principal was the one to perform the act.<\/p>\n

A POA may be granted via a lawyer for almost any legal act, and, sometimes, even via someone who is not a lawyer, as stipulated in the law. In certain cases, when a legal action must be performed in person, it is not possible to grant a POA. This is the case when divorcing a spouse, converting to another religion, writing a will, or making decisions under the Dying Patient Law (a.k.a. the Terminally Ill Patient Law).<\/p>\n

WHAT IS AN IRREVOCABLE POA?<\/b><\/h4>\n

An irrevocable POA is granted for a third party and is usually meant to complete real-estate and other sale deals. This type of POA is intended to protect the rights of a third party who, in most cases, has already paid the value of these rights. For example, an irrevocable POA may be granted to the lawyer of an apartment buyer<\/u><\/span><\/a> for the purpose of completing the transaction in accordance with the sale contract.<\/p>\n

A regular POA expires in any of the following cases:<\/p>\n