Legal Question in Real Estate Law in California
broadness of the power of attorney
I am going to need a power of attorney for for the purchase of real property in California. is there a secondary form needed in order to do all of the banking and sign all other documents having to do with the buying/maintaining/managing of the property? This will be an ongoing deal - so the papers for the bank etc must all be there. Thank you for you time.
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1 Answer from Attorneys
Re: broadness of the power of attorney
There is a "Uniform Statutory Form Power of Attorney" illustrated in the Probate Code. It has about twenty or so boxes that can be checked or initialed "yes" and "no" to indicate what powers are and are not granted to the holder.
I suggest obtaining a copy of the form and asking the banks, brokers, etc. who are likely to be involved if they approve of the form and which boxes need to be initialed "yes."
Remember the Power of Attorney has to be notarized or signed by two disinterested witnesses.
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