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A POA gives another person the power to act on behalf of the owner. However, if the POA only grants a person the authority to manage the property, he cannot sell it.
An ordinary power of attorney (OPA) is a legal document in which someone (the donor) gives another person (the attorney) the right to help them make decisions, or take decisions on their behalf. It can also be called a general power of attorney. An OPA can only be used if the donor has mental capacity.
File a Copy With the Chancery Clerk's Office If you gave your agent the power to conduct transactions with real estate, you should also file a copy of your POA in the land records office (called the chancery clerk's office in Mississippi) in the county or counties where you own real estate.
The requirements and restrictions vary in each state; however, in Mississippi, your document will require notarization. If your agent will have the authority to manage real estate transactions, the Power of Attorney will need to be acknowledged by a notary and recorded or filed with the county.
What is a power of attorney (POA)? A power of attorney is a legal document that allows someone else to act on your behalf. Powers of attorney can be helpful to older people and others who want to choose a trusted person to act when they cannot.
What are the requirements for a company? A PoA must be executed by deed. For a company, this means that either (i) one director and a witness, (ii) two directors, or (iii) one director and the company secretary, must be in a position to execute the PoA .
How to Write1 Open The Appointment Form On This Page. Make sure you have the Grantor, Agent, and Vehicle Information where you may easily reference it.2 Document Grantor Information.3 Record Agent Information.4 Report Vehicle Information.5 Verify The Odometer Reading.6 Notarize Grantor Signature.
You can write a POA in two forms: general or limited. 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.
Legal Requirements for Durable Power of AttorneyDated. Signed by the principal or creator of the power of attorney or advance directive. Signed by two adult witnesses, at least one of whom isn't related to principal OR acknowledged by a notary public. Specifically authorizes the agent to make health care decisions.
Legal Requirements for Durable Power of AttorneyCreated by an adult or emancipated minor.In writing.Dated.Signed by the principal or creator of the power of attorney or advance directive.Signed by two adult witnesses, at least one of whom isn't related to principal OR acknowledged by a notary public.More items...?