Attorney Powers Power Within
Description
How to fill out Florida Limited Power Of Attorney Where You Specify Powers With Sample Powers Included?
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FAQ
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.
If the power of attorney is durable and might be used to handle real estate transactions, it should also be recorded with the circuit court in the county where the property is located.
File a Copy With the Land Records Office If you gave your agent the power to conduct real estate transactions, you should also file a copy of your POA in the land records office (a division of the circuit court clerk's office in Virginia) in the county where you own real estate.
Section 4-107 - Powers of attorney (a) Every power of attorney executed by any person authorizing an agent or attorney to sell and grant any property shall be executed in the same manner as a deed and recorded: (1) Before the day on which the deed executed pursuant to the power of attorney is recorded; (2) On the same ...
A Power of Attorney Could Leave You Vulnerable to Abuse Often, this does not happen ? at least not unless or until abuse of power becomes egregious. Because of the potential that an agent could take advantage of you or steal from you, it is very important that you select the right person to act as your agent.