Simplification
Risk & psychologyReducing the number of things that need attention.
In plain terms
A healthy instinct during difficulty — point it at complexity, not at exposure.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Reducing the number of things that need attention.
A healthy instinct during difficulty — point it at complexity, not at exposure.
The legal ability to understand and take a decision for oneself; its loss removes the power to grant, and generally to continue, an authority to act on one’s behalf.
The case families most expect a power of attorney to cover is the one Indian agency law treats as ending it. Joint holdings and radical simplification, arranged early, do the work a document cannot.