Power of Attorney

Package

Drafting of Agreement (Does not includes any registration). Inclusive of government fee & taxes

₹ 11000.00/-

₹ /-

Power of Attorney

What is a power of attorney?

A power of attorney is a legal document through which one or more persons allow one or more persons to represent them. It is also generally used to appoint an agent. The person executing the POA is known as the Executor or the Principal.

Powers of attorney are voluntary delegations of authority by the principal to the agent. The principal has not given up his or her own power to do these same functions, but rather has granted legal authority to the agent to perform various tasks on the principal’s behalf. In most states, powers of attorney can be and most often are unilateral contracts – that is, signed only by the principal, but accepted by the agent by the act of performance.

What are the types of power of attorney?

  • General Power of Attorney: The executor legally authorizes the Power of Attorney holder to perform any activity on their behalf, with respect to their movable and immovable property. 
    • The authorization of a General POA to a relative without any consideration is chargeable by Rs. 500/- as stamp duty. In case of the recipient being a third party and involvement of consideration, the stamp duty payable would be as per the market value of the property.
  • Special Power of Attorney: The executor legally authorizes someone else on their behalf to perform limited activities regarding the property. Stamp Duty of Rs. 100/- is payable for Special Power of Attorney.
    • If the Principal is in India at the time of executing the Power of Attorney, physical presence is required before the Sub Registrar while signing the POA for official authentication from the Sub-Registrar.
    • If the Principal is not in India at the time of executing the Power of Attorney, the Principal should sign the POA in the presence of any Competent Authority of the country where they are residing for an official authentication from the said Competent Authority.

What is the process of drafting a will?
Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

What is the process of drafting a power of attorney?

The Power of Attorney registration process includes the following formalities:

  • Drafting of the Power of attorney whether general or special, by a documentation lawyer in India.
  • Submitting the POA with the Sub-Registrar.
  • Attaching the supporting documents with the POA.
  • Attesting the POA before the Registrar.
  • Attesting of the POA by 2 witnesses.
 
Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

 

What are the documents required for a power of attorney?

The Power of Attorney registration process includes the following formalities:

  • Identification proof such as Aadhaar Card, Voter ID card, Driving License, etc
  • Address Proof of Parties.
  • Passport Size Photograph of Parties.

What information should be included in a power of attorney?

While creating a Power of Attorney it is important to include certain mandatory clauses depending upon the type of power of Attorney that is made. Some of the essential clauses that needs to be included in the Power of Attorney deed are as follows:

  • The name, age, address and occupation of the person who makes the Power of Attorney, the Principal.
  • The person to whom the power is granted, the Attorney.
  • The reason for granting the power of Attorney which should be legally valid.
  • The date and place of making the Power of Attorney deed and the date from which it comes into force.
  • The date of termination of the power of Attorney if it is limited by time. If no time is specified, mention whether the Power of Attorney is durable or non-durable.
  • If it is a general power granted then all the acts and areas of granting the power should be mentioned clearly. Whether any particular act is not to be done by the Attorney in certain areas should be specified. For. Eg. If general power for property is granted, the Principal can grant the power to buy or rent any property but may not grant the power to sell any of his property.
  • In Special power of Attorney the specific or particular act or task that needs to be done and completed by the Attorney is to be clearly mentioned. Also the time limit within which that act is to be done is also to be specified.

What is the process of drafting a will?
Step 1

Select Package

Select packages as per your choice and fill out the forms

Step 2

Comprehensive Agreement

(2-3 working days) We Will draft a comprehensive agreement based upon your selection and requirements.

Step 3

revision of Agreement

(2-3 working days) We Will provide you with a copy of the agreement for you to revise.

Step 4

Redrafting (if required)

(1-2 working days) Ig you still feel that there is something that can be modified, we will promptly add it.

Step 5

Final Submission

(2-3 working days) We Will do the final submission of soft/hard copies to you.

What are the benefits of creating a power of attorney?

  • To enter into contacts,
  • Perform any contract, agreement, writing, or thing
  • To make, sign, execute, and deliver, acknowledge any contract, agreement,
  • To sell, exchange, lease, collect rents, grant, bargain,  or borrow and mortgage .
  • To execute all deeds, bonds, contracts,  mortgages, notes, checks, drafts, money orders;
  • To manage, compromise, settle, and adjust all matters relating to real estate;
  • To add to or withdraw any amounts from any of my bank accounts, Certificates of Deposit, Money Market Accounts, etc.
  • To make, execute, endorse, accept and deliver any and all cheques and drafts
  • Execute or release deeds of trust or other security agreements as may be necessary
  • Deposit and withdraw funds.
  • Acquire and redeem certificates of deposit, in banks, savings and loan
  • To file, sign all tax returns, insurance forms and any other documents
  • To represent in all matters concerning the foregoing.
  • To sell any and all shares of stocks, bonds, or other securities
  • To make, execute, and deliver any assignment, or assignments, of any such shares of stock, bonds, or other securities

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