Can power of attorney be given only to blood relation?
Can power of attorney be given only to blood relation?
Yes, It depend upon the nature of the Power of Attorney. If power of attorney holder is other that relative you have to pay the stamp duty upon the same as applicable to the Sale Deed or Development Agreement or you are relative of the person you have to pay only Rs. 500 stamp duty upon the same.
Can a non blood relative be power of attorney?
Power of Attorney can be given to anyone irrespective of whether he is a blood relative or not. But in case it is given to a person who is not a blood relative, it is likely that you may have to get it registered and pay stamp duty.
Who can act as power of attorney?
It’s a good idea to give the person you ask time to think about the role, to make sure they feel comfortable doing it. Your attorney could be a family member, a friend, your spouse, partner or civil partner. Alternatively they could be a professional, such as a solicitor.
Can a power of attorney give it to someone else?
A person who has granted someone power of attorney can freely revoke that authority or give it to someone else at any point. A power of attorney is not a contract, and thus the principal—or the person making the document—can unilaterally terminate or turn over her power of attorney to another person anytime she wishes.
Who is the best person to be power of attorney?
Most people select their spouse, a relative, or a close friend to be their power of attorney. But you can name anyone you want: Remember that selecting a power of attorney is not about choosing the person closest to you, but rather the one who can represent your wishes the best.
Who can witness a power of attorney?
Witnessing the attorney’s signature on a power of attorney Here are the rules on who can witness a lasting power of attorney this time: The witness must be over 18. The same witness can watch all attorneys and replacements sign. Attorneys and replacements can all witness each other signing.