A Greek Power of Attorney (Plirexousio) is a legally binding document that can grant significant authority to another person to act on your behalf in Greece. Before signing such a document, it is essential to fully understand its scope and potential consequences.

Depending on its content, a Power of Attorney may be limited to specific acts or may grant broad authority allowing the grantee to effectively substitute you in legal and financial matters. Such authority can include property management, sale or transfer of real or personal property, access to bank accounts, financial transactions, contracting obligations, collection of income, and other acts carried out in your name.

Actions taken pursuant to a valid Power of Attorney may be difficult or impossible to reverse, and the consequences can be significant for both you and your family. For this reason, careful review and drafting are critical.

Our firm advises clients on the content and legal implications of Powers of Attorney prior to execution, ensuring that the scope of authority granted is clear, appropriate, and aligned with the client’s intentions. We also draft Powers of Attorney tailored to each client’s specific needs, with safeguards designed to prevent unauthorized or unintended actions.

In addition, we assist clients in revoking previously granted Powers of Attorney and take all required steps to ensure proper notice is served in accordance with Greek law, effectively preventing further action by the former grantee.