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Special power of attorney to sell property

Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Pennsylvania 2025

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The document is a Power of Attorney form that grants an appointed agent broad powers to manage the principal's property, including the ability to sell or dispose of real or personal property without prior notice or approval. It outlines the responsibilities and expectations of the agent, emphasizes the importance of understanding the document before signing, and includes provisions for a special power of attorney specifically for closing real estate transactions in Pennsylvania.

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What are the four types of power of attorney near Pennsylvania?

4 Types of Power of Attorney Available in Pennsylvania General Power of Attorney. The general power of attorney is a proactive measure for those who want to ensure that their affairs are managed seamlessly. Limited Power of Attorney. Springing Power of Attorney. Durable Power of Attorney.

What is the new POA law in PA?

Here is a list of key changes from Act 95: New Requirements for Executing a POA: The principal must execute the POA before a notary public and 2 independent witnesses; New Formalities Required: The first page of the POA must include a statutory notice in capital letters signed by the principal.

What is limited vs specific power of attorney?

A Limited Power of Attorney (also called a Specific or Special Power of Attorney) allows the person who has the POA, the holder, to legally act on behalf of someone else, the principal, for a specific timeframe, scope or document.

What does a limited power mean?

A power is called limited if the holder of the power cannot exercise the power in favor of herself, her estate or the creditors of her estate. Because it is limited, the assets subject to the power dont get added to the power holders estate for estate tax purposes.

Can a POA sell a house in PA?

While POA can extend to real estate transactions, power of attorney can only be used to sell a property before death. After the principals death, the property must be sold through the probate process.

What is the most recommended type of power of attorney?

Durable POAs are particularly useful for individuals planning for future incapacity, providing peace of mind that their affairs will be managed ing to their wishes without the need for court intervention.

How long is a limited power of attorney good for?

How Long is a Limited Power of Attorney Good For? A Limited Power of Attorney is good for as long as you establish it. In contrast to a General POA, which expires only if you revoke it or once you pass away, Limited POAs are designed to be valid for a specific amount of time.

Special or Limited Power of Attorney for Real Estate Sales Transaction By Seller - Pennsylvania 2025

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