Power of Attorney and designation of representative for UI filing and correspondence
Power of Attorney and designation of representative for UI filing and correspondence
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A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.
The 4 types of power of attorney are General Power of Attorney, Durable Power of Attorney, Special or Limited Power of Attorney and Springing Durable Power of Attorney.
Notarising a power of attorney is as good as registration . Section 85 of the Indian Evidence Act applies to the documents authenticated by a notary.
Different types of power of attorneyOrdinary power of attorney.Lasting power of attorney (LPA)Enduring power of attorney (EPA)
Section 85 of the Indian Evidence Act applies to the documents authenticated by a notary. A court will presume that every document purporting to be a power of attorney, that has been executed before and authenticated by a notary public or any court, is properly executed and is a conclusive proof.