This Power of Attorney for Real Estate Transaction form is for a Purchaser to authorize an attorney-in-fact to execute all documents and do all things necessary to purchase a particular parcel of real estate for purchaser, including loan documents. This form must be signed and notarized.
Memphis Tennessee Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser
Category:
State:
Tennessee
City:
Memphis
Control #:
TN-P099A
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Tennessee Special Or Limited Power Of Attorney For Real Estate Purchase Transaction By Purchaser?
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FAQ
Unlike some states, Tennessee does not require buyers to involve a lawyer in the house-buying transaction.
1, 2011, it is a good idea to have a lawyer or notary look at the document to make sure your attorney retains the powers required to carry out your wishes. B.C.'s legislation allows you to create a power of attorney with very specific duties, powers, limits on authority, accounting obligations, etc.
Tennessee law requires a durable power of attorney to be either signed before two witnesses or signed and notarized in order to be valid. It also must specifically state its authorization to make health care decisions.
Under Tennessee law, for a power of attorney to be valid it must either be signed in the presence of a notary or witnessed by two disinterested parties. (A witness cannot be an agent). Conversely, in Kentucky, a power of attorney must have both two witnesses and a notary to be valid.
What might it normally cost to get a Power of Attorney form in Tennessee? The fees associated with meeting and hiring the average legal provider to produce a Power of Attorney can total anywhere between $200 and $500.
In Tennessee, you can get power of attorney for someone by having that person complete a power of attorney document. Powers of attorney can be drafted for anything you specify, including medical decisions, finances and property.
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.
Do I need a lawyer to prepare a Power of Attorney? There is no legal requirement that a Power of Attorney be prepared or reviewed by a lawyer. However, if you are going to give important powers to an agent, it is wise to get individual legal advice before signing a complicated form.