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Probate Process Every estate passes through probate following the owner's death. Probate can take anywhere from a few months to more than a year. If there is a will, and one or more of the heirs chooses to contest the document, the process can take a lot longer. Probate also can be expensive.
A notary in Puerto Rico should draft you the power of attorney and sent it to you. If you will used to sell a house it has to be done properly to be able to comply with banks and register requirements. 2. Go to a public Notary and notarized the document.
International Financial Entities (?IFE's?) are essentially international banks organized and. licensed in Puerto Rico. They are licensed and regulated by the Puerto Rico Office of the.
They must be created in a specific form under section 7 of the Powers of Attorney Ordinance (CAP. 31) as a deed, and the Donor's signature must be witnessed by a qualified solicitor in Hong Kong. We may accept a General / Specific Power of Attorney even if it's more than 12 months old.
In Texas, you're not required to hire a lawyer to create your power of attorney ? you can do it yourself, saving you time and money. As long as you follow Texas's requirements, any POA you create is legally binding.
Puerto Rico will recognize POA from any state as long as the document was legal where it was signed.
There are no special qualifications necessary for someone to act as an attorney-in-fact except that the person must not be a minor or otherwise incapacitated. The best choice is someone you trust.