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A General Power of Attorney can only be used with regard to your property and financial affairs. It cannot be used to authorise someone to make decisions concerning your personal welfare (this is not the case with a Lasting Power of Attorney, Health & Welfare).
A general power of attorney allows the agent to act on behalf of the principal in any matters, as allowed by state laws. The agent under such an agreement may be authorized to handle bank accounts, sign checks, sell property, manage assets, and file taxes for the principal.
Legal Requirements for Durable Power of Attorney 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.
Things to Include In POA For PropertyGrantor Details- The name, age, address and occupation of the person who grants the power (Grantor) should be mentioned first.Attorney Details- The name, age, father's name, address and occupation of the person to whom the power is granted (Attorney) should be described next.More items...
You cannot give an attorney the power to: act in a way or make a decision that you cannot normally do yourself for example, anything outside the law. consent to a deprivation of liberty being imposed on you, without a court order.
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.
General Power of Attorney is used to sell a property even if the title of the seller is not clear. In the case of agriculture land, if the property is to be sold for residential purpose, it has to be converted. The landowners sell this land using GPA without conversion.
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...?
The person who is receiving the power is called an Attorney. Once you have granted a General Power, you have given authority for the Attorney to take decisions and act on your behalf regarding your property and affairs, as if you were taking them yourself. The exception is that the Attorney cannot make gifts.
Notarization Requirement While Mississippi's power of attorney laws are silent on the subject of notarization, signing your POA in the presence of a notary public is very strongly recommended.