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Question about Statutory Durable Power of Attorney document
Posted on 4/2/14 at 11:28 am
Posted on 4/2/14 at 11:28 am
Is it acceptable to insert an expiration date for the power of attorney in the special instructions section or would we need to get a different document to end the power of attorney?
Background: My soon-to-be wife will be leaving the country for a few weeks while we are shopping for a house. So, she is signing the Power of Attorney for real property transactions to me, but we only need it to extend for 3 weeks.
TIA
Background: My soon-to-be wife will be leaving the country for a few weeks while we are shopping for a house. So, she is signing the Power of Attorney for real property transactions to me, but we only need it to extend for 3 weeks.
TIA
3
Posted on 4/2/14 at 11:40 am to guedeaux
You could always just have a power of attorney written for this specific purpose. Where did you get the document?
This post was edited on 4/2/14 at 11:41 am
Posted on 4/2/14 at 11:56 am to guedeaux
You can do it for a specific purpose, a specified period of time or both. You can put in any restriction you want as long as both sign it; that makes it binding.
Posted on 4/2/14 at 11:57 am to AnonymousTiger
Get your title company to do a Special POA, once that event has happened the POA is null. If its for a real estate transaction it has to have the legal description of the property being conveyed.
Posted on 4/2/14 at 12:17 pm to Lakeboy7
quote:
Get your title company to do a Special POA, once that event has happened the POA is null. If its for a real estate transaction it has to have the legal description of the property being conveyed.
A title company sent us the document but we have to fill it in. Their is not a specific property yet. It is only for if a house becomes available while she is still overseas and we want to make an offer. The market is crazy fast right now where we are looking so we are going to have to jump on something ASAP or we have no chance of getting anything.
This post was edited on 4/2/14 at 12:18 pm
Posted on 4/2/14 at 12:20 pm to AnonymousTiger
quote:
You could always just have a power of attorney written for this specific purpose. Where did you get the document?
Posted on 4/2/14 at 1:17 pm to MSTiger33
quote:
Where did you get the document?
From a title company our realtor suggested.
Posted on 4/2/14 at 1:21 pm to guedeaux
I would execute a POA for real estate transactions, then once she gets back, have her execute a Revocation of POA. I've never seen an expiration date on one, but I'm not really sure why this wouldn't work, either.
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