Power Of Attorney In Patna

Introduction

Introduction To Power Of Attorney In Patna

In the hustling city of Patna, where property deals and legal transactions are plenty, a POA is basic. To act on behalf of an individual, commonly known as the principal by a Power of Attorney, an agent or attorney, is appointed. This license covers a wide range of functions, which includes management, investment, matters relating to law and other related issues.
As the capital of Bihar, Patna is full of economic activities and court cases and deals with many real estate transactions. Only when the principal cannot appear in person or wants to delegate specific tasks should a Power of Attorney be used for Patna. This document ensures the efficient performance of her duties in case of absence, which speeds up the decision-making.

What Is Power Of Attorney?

A Power of Attorney is a legal document that allows one person (the Principal) to grant another person (the Agent or Attorney-in-Fact) the authority to make decisions and act on their behalf in legal, financial, or health matters. 

Types Of Power Of Attorney

General Power of Attorney: Grants wide powers on a range of acts, such as financial transactions and property management.

Special Power of Attorney: Where only specific tasks or transactions, such as selling a particular property, are involved.

Durable Power of Attorney: It still applies if the principal becomes incompetent, dealing with incapacity decisions.

Non-Durable Power of Attorney: For particular transactions or time periods; void when Principal becomes incompetent.

Medical Power of Attorney: Grants decision-making authority regarding healthcare issues in case the principal is unable to do so.

Financial Power of Attorney: In particular, for managing the principal’s finances such as banking and investments.  

Advantages Of Power Of Attorney in Patna

1)  Allows family members to be flexible

2)  Not convertible

3)  Prevents financial abuse at hard circumstances

4)  Not applicable following a death

Documents Required For Making Power Of Attorney In Patna

1)  The identity proof of both the principal person and agent, as well as witness (Aadhaar Card,

2)  Voter ID card, Driving License etc.)

3)  Residential Proof of Parties.

4)  Electricity Bill OR Tax Receipt of the property ( if POA is for some property).

5)  Property card.

6)  PAN Card.

7)  Aadhaar card.

8)  Original Identification and Residential Proof to be presented before the registrar.

9)  Deed/Document to be registered.

10)   Map of land.

Procedure For Making Power Of Attorney In Patna

1)  Get the Power of Attorney (POA) registered with the office of the Sub-Registrar, which is in charge of the principal's home in Patna.

2)  Please visit the Sub Registrar office to confirm the registration date.

3)  Obtain stamp paper for the Power of Attorney (POA) based on the arrived/advised value.

4)  On the designated day, the principal, the agent (power of attorney), and the witnesses should appear at the registrar's office and wait for their turn.

5)  Please use the time given by the authorities to proceed in compliance with their guidelines.

6)  Kindly show the registrar your original form of identification.

7)  The registrar will sign the relevant order after personally confirming the details.

8)  To complete the document, the principal, the agent (power of attorney), and any witnesses should sign the registry in the appropriate places. 

How to Create a Power of Attorney in Patna for an NRI?

You must take these actions to draft a Power of Attorney deed if you wish to give someone in Patna, India, authority even though you are not a resident of India.

Write the power of attorney to buy a property deed on plain white paper.

The draft from the Indian Embassy or Consulate should be attested to by a Notary public in the nation or state where you now reside.

The Grantor's signature is required on every page of the deed.

Send the executed Power of Attorney deed to your designated representative in India via registered mail or courier.

The person to whom you send the deed must register it at the designated government office, following state requirements.

It could be the office of the Sub-Registrar or the office of the Sub-Divisional Magistrate.

How to Revoke a Power of Attorney in Patna?

There are a few easy actions you can take to revoke a power of attorney that you have granted to someone. Here's how to do it:

1)  Draft Revocation Deed: Draft a legal document outlining the terms, date of execution, and grounds for revocation of the power of attorney.

2)  Put to Death with Witnesses: In front of two witnesses who have also signed the deed, sign it.

3)  Serve Notice: Give a copy of the deed to the person holding the power of attorney and notify them of the revocation.

4)  Register the Deed: To make the revocation enforceable, register the deed with the sub-registrar.

5)  Obtain the Original POA: To stop future use, save the original power of attorney document.

Frequently Asked Questions (FAQs)

Q1: What is a Power of Attorney (POA)?

Ans: A legal document that grants someone else the authority to act on your behalf in legal and financial matters.

Q2: Who can grant a Power of Attorney in Patna?

Ans: Any individual who is of sound mind and legal age can grant a POA in Patna.

Q3: Are there different types of Power of Attorney?

Ans: Yes, there are different types including General, Special, Durable, and Limited POA, each with specific powers and limitations.

Q4: Do I need a lawyer to create a Power of Attorney in Patna?

Ans: While it's not mandatory, it's highly recommended to consult a lawyer to ensure the document meets legal requirements.

Q5: Can a Power of Attorney be revoked in Patna?

Ans: Yes, the grantor can revoke a POA at any time as long as they are of sound mind and communicate their revocation clearly.

Q6: Who can be appointed as an attorney-in-fact?

Ans: Any competent individual or institution can be appointed, including family members, friends, or legal professionals.

Q7: What powers can be granted through a Power of Attorney?

Ans: The powers granted can include financial, legal, medical, or specific tasks such as property management or business transactions.

Q8: Is a Power of Attorney valid outside of Patna?

Ans: Yes, if properly executed according to the laws of Patna, a POA can be valid in other states or countries, though some jurisdictions may require additional steps.

Q9: Can a Power of Attorney be used after the grantor's death?

Ans: No, a POA becomes invalid upon the death of the grantor.

Q10: What is the difference between General and Special Power of Attorney?

Ans: A General POA grants broad powers to the attorney-in-fact, while a Special POA limits the powers to specific tasks or situations.

Q11: Is a Power of Attorney effective immediately upon signing?

Ans: It depends on the type of POA. Some take effect immediately, while others only come into effect under certain conditions, such as the incapacity of the grantor.

Q12: Can a Power of Attorney be used to make healthcare decisions?

Ans: Yes, a Medical POA or Healthcare Proxy specifically grants authority to make healthcare decisions on behalf of the grantor.

Q13: Can a Power of Attorney be used to sell property in Patna?

Ans: Yes, a POA can include the authority to sell property, subject to any specific limitations outlined in the document.

Q14: Can a Power of Attorney be challenged in court?

Ans: Yes, if there are grounds to believe the POA was executed under duress, fraud, or the attorney-in-fact is not acting in the best interests of the grantor.

Q15: Do I need witnesses to execute a Power of Attorney in Patna?

Ans: Yes, in most cases, the POA must be signed in the presence of witnesses who are not beneficiaries or appointed attorneys-in-fact.

Q16: Can a Power of Attorney be used for illegal activities?

Ans: No, the attorney-in-fact is legally bound to act in the best interests of the grantor and must not engage in illegal activities.

Q17: Can a Power of Attorney be used to change a will?

Ans: No, a POA does not grant the power to change or create a will on behalf of the grantor.

Q18: Is there a standard format for a Power of Attorney in Patna?

Ans: While there is no specific format mandated, certain legal requirements must be met, and it's advisable to follow a standardized template or seek legal assistance.

Q19: Can a Power of Attorney be used for banking transactions?

Ans: Yes, a POA can include the authority to conduct banking transactions on behalf of the grantor.

Q20: Is it possible to have multiple attorneys-in-fact named in a Power of Attorney?

Ans: Yes, the grantor can appoint multiple attorneys-in-fact either to act jointly, severally, or in a specific order as outlined in the document.