The Credit Union`s Legal Department at the request of members provides legal services relating to Mortgage transactions , assignment of securities- Bonds ,shares, insurance policies and Bill of Sale transactions.
The Legal Department also provides the following:
This is a written document which allows a person to grant legal power to another to effect transactions on their behalf. This document must be signed and witnessed.
A Power of Attorney is issued in circumstances where:
There are two (2) different types of Power of Attorney.
General Power of Attorney
A General POA gives the grantee certain general and wide powers to do almost every legal act that you, as grantor, can do in your own right.
This type of POA has to be registered at the Land Registry of Barbados.
Extreme care is needed and careful consideration should be taken before issuing a General POA since it can have a very wide application.
Specific Power of Attorney
A specific POA (or Limited POA) gives the grantee power to perform only a specific transaction
A Power of Attorney does not last forever.
It can be revoked at any time in writing by you or it will be automatically revoked if you have been diagnosed with a mental disability or as at the date of your death.
Call our Contact Centre at 430-5200 or our Legal Department at 430-5240/5251/5280 to set up an appointment.
Persons should be aware that this document cannot be substituted for a will since it ceases to have power upon the death of the grantor.
A Will is a written, signed and witnessed document that allows an individual to make provision for the disposal and distribution of their property and possessions after their death. This can be changed at any time during the life of the individual.
Follow the simple process below and let us help you create your Will and improve your peace of mind.
Call us: (246) 622-9000
UK Freephone 0808-234-1327
Fax: (246) 437-8745
This is where you belong
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