This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Property Personal Sale With Power Of Attorney In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Yes, a Power of Attorney can indeed sell property before the principal's death, provided that the POA document explicitly grants this authority. The ability to sell property is not automatically included in all POAs, so it's crucial to review the document carefully to ensure this power has been conferred.
In an effort to make sure the power of attorney document is genuine, any power of attorney signed on or after January 1, 2015, must be notarized and it must be witnessed by two other persons over the age of 18 years, neither of whom is the agent. In addition, a revised warning notice must be signed by the principal.
You may select any competent adult to act as your agent. The authority that a Power of Attorney gives to your agent can be as limited as selling your car for you or as broad as making financial and health care decisions on your behalf.
While POA can extend to real estate transactions, power of attorney can only be used to sell a property before death. After the principal's death, the property must be sold through the probate process.
I hereby acknowledge that when I act as agent: I shall act in ance with the principal's reasonable expectations to the extent actually known by me and, otherwise, in the principal's best interest, act in good faith and act only within the scope of authority granted to me by the principal in the power of attorney.
All Powers of Attorney automatically end upon the principal's death or upon the revocation by the principal.
The principal (the person who granted the power of attorney) can revoke it at any time as long as they are competent. If the principal is incapacitated, a court can revoke it.
A Power of Attorney (POA) is a key legal document in Pennsylvania. It lets a principal choose someone to make decisions for them. This can include financial, legal, and healthcare decisions. The POA must be written, dated, signed, and witnessed by two people and a notary public to be valid.
As of 2015, people living in Pennsylvania who are 18 or older can sign a POA authorizing a person to act for them. The law also requires two witnesses and a notary public to sign the POA. A health care POA may not require two witnesses and a notary public to sign it, but it may be recommended.
A valid POA in Pennsylvania requires the principal's signature, acknowledgment before an online notary public, and two witnesses. The agent must be at least 18 years old. Including specific language about durable provisions clarifies the document's longevity.
