Power Attorney Trustee For Property
Description
How to fill out Power Attorney Trustee For Property?
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FAQ
A Power of Attorney (POA) is a legal document that gives someone legal authority to act for you while you are still alive. The Trustee to an Estate is generally the person authorized to manage your estate's assets following your death.
While the power of attorney LPA can normally buy and sell property, when considering selling property to himself, the attorney would need to contact the Office of the Public Guardian.
A property and financial affairs Lasting Power of Attorney (LPA) authorises your attorneys to manage any property that you own and to manage your financial affairs, in the event that you are unable to make such decisions yourself.
Section 25 of the Trustee Act 1925 allows a trustee to grant a power of attorney delegating their functions as a trustee to the attorney. Section 25 provides a short form of power by which a single donor can delegate trustee functions under a single trust to a single donee. Trustees can use other forms.
The short answer is that, although an attorney has wide powers to deal with both the donor's personal financial affairs and their investments, an attorney cannot act on behalf of the donor when the donor is acting as trustee.