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The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
A Washington durable financial power of attorney form allows a person to designate another person to act as their agent and handle their financial affairs. The principal will need to complete the form, initialing the powers given to the agent, and upon completing will need to be acknowledged before a notary public.
Recording a Deed Any Deed (that is, the document evidencing the transfer of real property) is required to be recorded in the County Auditor's Office of the county in which the real property is located.
Steps for Making a Financial Power of Attorney in Washington Create the POA Using Software or an Attorney. ... Sign the POA in the Presence of a Notary Public or Two Witnesses. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Recorder's Office.
Does a Power of Attorney remain valid after a death? The short answer is no, a Power of Attorney dies with the person. A Power of Attorney is a document that grants another person permission to act on their behalf, during life, thus when that individual passes away, the document is null and void.
A LPO is licensed to select, prepare, and complete approved documents for use in closing a loan, extension of credit, sale, or other transfer of real or personal property.
The specific rules and restrictions will vary by state; however, in Washington, your document will need to be signed by a notary public or two witnesses. If your agent(s) will have the ability to manage real estate transactions, the Power of Attorney must be signed by a notary and recorded or filed with the county.
Free Legal Help If you are located inside King County, call the 211 Legal Referral and Information Hotline Monday through Friday 8 a.m.?6 p.m. If you are located outside King County, call CLEAR toll-free at 888-201-1014 Monday through Friday a.m.? p.m.