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Steps for Creating a Power of Attorney STEP 1: Write the power of attorney on plain paper. Sign the power of attorney. ... STEP 3: FOR PROPERTY AND FINANCES. ... STEP 4:FEES Pay the fee at the Consulate. ... STEP 5: Once your power of attorney is attested by the Indian Consulate/Embassy you can send it to India.

Documents Required For Power Of Attorney In India Proof of the principal's identity, such as a passport, voter ID card or PAN card. Proof of the attorney's identity, such as a passport or voter ID card. Two witnesses will also need to provide proof of identity and sign the power of attorney document.

The durable power of attorney can be used for all types of transactions but, instead of acting within a specific framework, it lasts for the lifetime of the agreement or for so long as the document is valid. Once the document is finalised, the durable power of attorney is over.

The POA may be signed by an NRI in India at the Sub-office. Registrar's The POA must, however, be printed on paper and stamped with a non-judicial stamp costing Rs 100. Additionally, two attorneys and two witnesses would both need to sign the deed.

Durable POA is designed for a lifetime. Under this, the PoA agent has the power to take decisions even if the grantor becomes incapacitated/unfit to take decisions. Generally, a durable POA continues until the grantor's death or unless the grantor cancels the POA.

For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even more?or add powers, Berkley says.

By drawing up the Power of Attorney for the non-resident Indians to sell their property in India, one can undoubtedly complete their exchange without in a real sense heading out to India. A power of attorney to sell property in India is not complicated.

Pros and Cons of a Durable Power of Attorney A Durable Power of Attorney is confidential, and the person's reasons for assigning a DPOA do not have to be disclosed to outside parties. The principal can retain the right to revoke the DPOA. Court action is not required to execute a Durable Power of Attorney.

How to update your power of attorney. If you have an existing power of attorney form and you need to make changes, you should revoke your current document first. You can do that by using a revocation of power of attorney. Then, simply create a new Power of Attorney that includes the updates you want to make.

A Durable Power of Attorney is one of the most important documents anyone can have in place in the event they are unable to care for themselves. A Durable Power of Attorney acts as a permission slip, giving authority to a third party to do things on behalf of someone else who cannot do it for themselves.