Power of attorney Power of attorney

11 months ago

Is power of attorney valid if time exceeds 15 years

Anik

Responded 11 months ago

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A.Good evening!
Some Power of Attorney documents have a duration clause in which the time limit for its validity is specified. If the limit is not specified, it would stay valid until the principal (the person who authorizes the other person to act on her behalf) is alive.
General or ordinary PoAs expires the moment the principal becomes incapacitated. A durable PoA continues even when the person is incapacitated.
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Kishan Dutt Kalaskar

Responded 11 months ago

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A.Normally the answer is not valid. If it is valid and the executors are alive then there will be some value attached to it.
Is there a limitation period for irrevocable power of attorney?
In general the limitation of 03 years. In registration case, it is of six months. If you approach court, you must have sufficient reasons for why not moved earlier. a power of attorney becomes invalid after the death of donor.

Is power of attorney a valid document?
To summarise, a power of attorney is not an instrument of transfer in regard to any right, title, or interest in immovable property; however, any genuine transaction carried out through a general power of attorney is considered valid under the law.

Is the sale of property through power of attorney not valid?
Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

Can power of attorney be limited or universal?
The PoA may be made for a limited or indefinite period of time. The PoA should state if the attorney can sub-delegate the powers delegated to him or her to another person and that the PoA shall be valid even in the event you are incapacitated due to ill health.

Is power of attorney valid after death of principal?
The PoA becomes legally invalid immediately upon the death of the principal. For all actions done by the power-agent after the death of the principal, he/she is solely responsible. The POA ceases to exist with the death of the principal however other 6 principal POA is still valid.

How many days is a power of attorney valid?
A POA is valid only during the lifetime of the principal. However, the principal can revoke/cancel it anytime, if required.

Can power of attorney be Cancelled?
A revocable POA that has only been notarized can be cancelled or revoked by issuing a notice/letter of revocation to the Attorney. The letter of revocation should mention the reason for which the power is being revoked, the effective date of revocation and the consequence thereof.

Is notarized power of attorney valid in India?
There is no need for the POA to be apostilled for Indian Passport holders and OCI/PIO card holders. However, the POA document must be duly notarized.

Can a POA holder sell property to himself?
A power of attorney agent is not barred by law to sell the property unto himself by following proper procedures. Passing of sales consideration is important, and if that is not disputed, the execution of sale deed by a POA agent to himself as a buyer is legally valid.

ypes of Power of Attorney
1. General Power of Attorney (GPA)
A person can give another person a complete general right or power to act lawfully, with respect to his property or bank accounts, or tax payments, or a registration work to sue a third party etc. Either you can give a GPA for all your properties, banking transactions, tax matters, registration, legal disputes etc. or you can give general power to any category like only for property matters etc. This type of power is wide and has a lot of risks, if the Attorney is not trustworthy.
2. Special Power of Attorney
The other type of power granted is that of special power, which implies it is granted for less than a particular task. Once the actual act is completed the special power of Attorney is terminated. This can be generally employed in situations like if one wants to appear for the registration of any property etc.
3. Non-durable Power of Attorney
The non-durable power of attorney is utilised just for a target measure, and usually for specific transactions during which one grants the agent the authority to act on his/her behalf. Once the transaction is finalized, the non-durable power of attorney is over.
Read: Everything You Must Know About Stamp Duty on Gift Deed in India
4. Durable Power of Attorney
A durable power of Attorney is way more encompassing than non-durable power of attorney, and is often accustomed to allow an agent to manage all the affairs of the principal, should they become unable to try and do so on their own. It doesn’t have a group fundamental measure and it becomes effective immediately upon the incapacitation of the principal. It does expire upon the principal’s death.

Types of Power of Attorney
5. A Special or Limited Power of Attorney
A special or limited power of an attorney is employed on a limited basis for a one-time financial or banking transaction, or for the sale of selected property. This is often most frequently used when the principal is unable to complete the transaction owing to prior commitments or an illness and desires to appoint an agent to act on their behalf. The agent has no other rights to act on behalf of the principal apart from what is assigned to them within the limited power of Attorney.
6. Medical Power of Attorney
The medical power of Attorney grants authority to the agent to take certain control over healthcare decisions of the principal when they are unable to do so. This usually takes effect upon the consent of the presiding physician and it allows the agent to authorize all medical decisions.
Read: Uttar Pradesh Rent Control Act Explained
7. A Springing Power of Attorney
Springing Power of Attorney becomes effective at a future time and only if a particular event occurs, like an unavoidable circumstance or triggering an event that happens while the principal is out of the country and unable to bear on it. This kind of Power of Attorney may have been durable or non-durable and may encompass any number of affairs the principal wants to allocate to the agent.
Important Clauses to be Present
• The name, age, address and occupation of the person appointing the facility of Attorney.
• The person to whom such power is granted to.
• The date and place of creating power of attorney deed, and also the start date which it comes into force.
• The date of termination of the facility of attorney deed if it’s limited by time. Just in case, if no specific time is mentioned, then mention whether those are durable or not.
• In the special power of Attorney, the statute that should be done by the agent and therefore the period of time within which such an act has got to be performed must be clearly mentioned.
• In cases where general power is granted, then all the acts that the principal authorises the attorney to try and do must be clearly mentioned. If the donor wishes a certain act to not be done, then such acts must even be mentioned.

Clause For Power of Attorney
Stamp Duty for the Ability of Attorney
As per Section 48, Schedule 1 of the Indian statute, tax is duly payable for all types of Power of Attorney. Notarizing the influence of an Attorney is advisable generally. An influence of an attorney who is notarised is presumed to possess and have been executed properly. Read more about stamp duty from here.
Read: TDS on Sale of Property in 2023: A Detailed Guide
Power of Attorney Made by an NRI
An NRI or non-resident Indian can make an influence of Attorney deed even by staying outside India without having to come back to India for that purpose. Most NRIs have properties and banking transactions in India that may require their presence, but it’s often impractical to return to India for every such transaction. For this, NRIs can always give powers to transact to a different person who is either a friend or family. Any power of Attorney executed by NRI’s living abroad must be recorded. Such POA should be certified by the Indian Consular Office of that country, and it must be utilised within aspan of 3 months. The POA must be executed on a stamp paper as applicable therein particular country. Any signature made within the POA must be authenticated by the authorities of the Indian embassy.
A power of Attorney looking at the clauses is also Revocable and Irrevocable.
Revocable Power of Attorney
The principal has the authority to withdraw the facility of Attorney whenever he/she wishes to. Revocation is applicable when
• When the principal revokes the facility of Attorney granted.
• If both the principal and also the agent are in disagreement with each other.
• If the power of Attorney renounces his powers
• If the business that the facility of Attorney was granted gets complete.
Irrevocable Power of Attorney
For revocation of irrevocable power of attorney, the principal is required to issue a public notice through a local newspaper without which the revocation won’t be considered.
However, within the following cases a principal cannot revoke an influence of the Attorney:
• Where the ability of the Attorney holder, i.e. the agent himself has an interest within the material of the ability of Attorney. For revocation of the ability of Attorney falling under this category, consent of the ability of Attorney holder is mandatory.
• Where the agent has partly exercised the act that Power of Attorney was granted, he can’t be stripped with the proper for the act which he already exercised

Power of Attorney Made by an NRI
How to Prepare a POA Online
If you want to make a power of Attorney online, then you can do it easily sitting at your home and at a very minimal cost. Websites that provide this function need few details like where you live, identity information, etc. The process is simple, you need to fill in the form, make the payment online, print and register the document. No struggles in finding a lawyer, no waste of time and no worries of finding the correct clauses to include in the document and everything will be done and taken care of in a jiffy!
When it comes to legal issues and paperwork, you need to be extremely careful, even the slightest and silliest error could mean a huge loss. The best way to avoid such errors is to get a team of professionals to assist you. Selecting someone to control your power of Attorney and mentioning that it will operate even if you lose capacity ensures that you have a scheme in place for supervising your monetary and personal involvements if you are ever unable to do so.
This gives you more control over how that process will be handled if ever the need arises. If you move to another state or another country, your power of Attorney should remain effective; however, the American Bar Association recommends that you use such a move to update your power of Attorney.

Power of Attorney Online
A power of attorney is often a robust estate planning tool and might facilitate you to organize for the unexpected. Without an influence of attorney in situ, if you have been injured in an accident and are unable to speak, there’s no way for your loved ones to access the funds which will be necessary to supply for your care. Additionally, your loved ones could also be unable to communicate your wishes for your treatment unless you’ve taken the required steps to place a medical power of attorney in situ.
If you are an NRI and require a POA to deal with your property in India, it’s time to contact NoBroker. There are a host of services that are tailormade for you. Click the link below to know about NoBroker NRI services.


FAQ’s
Q1. Is a lawyer required to prepare a Power of Attorney?
Ans. No, a lawyer isn’t required to prepare a Power of Attorney. You can do it on your own and from the comfort of your home.
Q2. Can more than one agent be appointed for Power of Attorney?
Ans. Yes, many agents can be appointed for POA.
Q3. What documents are required for POA?
Ans. Aadhar card, voter ID or any identity evidence provided by the Government.
Q4. Is attestation required by the witnessed for the POA?
Ans. Yes, at least two witnesses are required for the attestation.
Q5. How many copies of POA should a person sign?
Ans. AIdeally, only one copy needs to be signed.
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