Basics of a Power of Attorney - Real Estate Legal Blogs Posted by Dale J. Jackson - Lawyers.com

Basics of a Power of Attorney

            Our office gets many phone calls and emails asking about power of attorneys and what they can and can’t do. From my experience, there is some general confusion about how a power of attorney works. Clients are hesitant to sign a power of attorney because they think giving a power of attorney is the same thing as giving another person unfettered access to sign any legal document and make any legal decision. Well, this is not necessarily true. A power of attorney can be specially drafted and custom tailored to meet the needs of any client.

            I want to give a brief explanation of how the power of attorney works. Typically, there are two persons involved; the person signing the power of attorney gives their legal power to sign documents within a specified scope to the second person. For example, in our office, the most common types of power of attorneys are a purchaser power of attorney, seller power of attorney and a refinance power of attorney. These specific power of attorneys function exactly how you would think. They allow a person to sell, purchase or refinance a property without having to attend closing.

            There are many common reasons why one needs a power of attorney. For example, many clients will be required to relocate out of state for a job before their property has sold. Once out of state, it will be a burden for them to attend closing, so they give a trusted friend or relative their power of attorney to complete the transaction. Another common reason for preparing a power of attorney is for out of state investors looking to purchase property in Georgia. Whatever your reason for a power of attorney, our office can assist you in creating a custom power of attorney to fit your needs.

 

 

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Dale J. Jackson

Licensed since 1982

Member at firm Windward Law Group

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Dale J. Jackson

Licensed since 1982

Member at firm Windward Law Group

RECENT POSTS