Puerto Rico Irrevocable Power of Attorney for Transfer of Stock by Executor
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How to fill out Irrevocable Power Of Attorney For Transfer Of Stock By Executor?
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FAQ
Power of attorney is said to be Revocable If it is revocable at the will of the principal. And Irrevocable If it is not revocable at the will of the principal. Sometimes a power of attorney might contain a clause in it which states that such power of attorney is irrevocable.
A power of attorney can be made irrevocable if it is given with due consideration and if it specifically mentions that it is irrevocable. Such a power of attorney would operate beyond the life of the granter, says Joshi.
Registration of an irrevocable power of attorney is not mandatory unless it relates to immovable property, however it is advisable to have it registered at the respective sub-registrar's office depending upon the prevailing laws in a State in India.
The irrevocable power of attorney when clubbed with the interest of the power holder then it is valid to that extent alone even after the death of the principal and not beyond that.
