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

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When someone makes you the agent in their power of attorney, you cannot: Write a will for them, nor can you edit their current will. Take money directly from their bank accounts. Make decisions after the person you are representing dies. Give away your role as agent in the power of attorney.
Drafting The Letter Identify the Principal and Agent: State both parties full names, addresses, and contact information. Define the Scope of Authority: Specify what powers are granted and include limits if needed. Set the duration: Indicate the start and end dates or state whether the POA is durable.
How to make a power of attorney Decide which type of power of attorney to make. Choose your agent. Decide how much authority to give your agent. Obtain a power of attorney form. Complete the form, sign, and witness it ing to the laws in your state.
A Maine real estate power of attorney allows a principal to select another individual to act on their behalf in real estate matters. This document generally provides written permission for a real estate attorney to handle the closing of a real property sale.
A financial power of attorney generally costs between $200 and $500, depending on the complexity of the principals finances.
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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.
The durable POA remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. On the other hand, a limited POA or springing POA only takes effect under certain specified circumstances, such as when the principal becomes incapacitated.

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