Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - Indiana: Fill out & sign online

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What is a power of attorney for real estate in Indiana?

An Indiana real estate power of attorney authorizes an agent to perform limited duties regarding the management, purchase, sale, or refinancing of the principals real property. The form must be signed by either a notary public or two witnesses.

Can a power of attorney change ownership of property after?

Under no circumstance can a power of attorney sell property after the principals death. If an agent proceeds to sell property after a principals death, not only would the sale be considered invalid, but it could result in a fiduciary misconduct claim being brought against the agent.

Can a POA sell real estate?

A Power of Attorney (POA) can sell property before death if explicitly authorized in the document, but authority ends immediately upon death. When selling property, POA agents must provide proper documentation, follow legal requirements, and always act in the principals best interest.

Does Indiana allow POA to transfer land over?

Limited power of attorney: This type of POA only gives your agent authority over a specific transaction or event for a limited period of time. Real estate power of attorney: This type of limited POA allows your agent to purchase, sell, manage or refinance property on your behalf. Indiana Department of Revenue.

What are the POA laws in Indiana?

For a POA to be valid in Indiana, it must (1) Be in writing; (2) Name the person designated to hold the POA; (3) Give that person the power to act on behalf of the individual giving the POA; (4) Be signed by that person or at that persons direction either before a notary OR qualifying witnesses.

Can a power of attorney execute a deed?

THIS POWER OF ATTORNEY AUTHORIZES THE PERSON NAMED BELOW AS MY ATTORNEY-IN-FACT TO DO ONE OR MORE OF THE FOLLOWING: TO SELL, LEASE, GRANT, ENCUMBER, RELEASE OR OTHERWISE CONVEY ANY INTEREST IN MY REAL PROPERTY AND TO EXECUTE DEEDS AND ALL OTHER INSTRUMENTS ON MY BEHALF, UNLESS THIS POWER OF ATTORNEY IS OTHERWISE

What is a POA not allowed to do?

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser - Indiana 2025

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