 | Indiana Real Estate ONLY Power of Attorney |
The Indiana real estate ONLY power of attorney is a legal document that provides limited powers with regard to the property and some financial aspects of the Principal, depending upon what powers the Principal will grant the Agent. For the most part, this document addresses transactions and management of real property on behalf of the Principal while they are ill or absent. No permission to attend to medical decisions will be made by the Agent on behalf of the Principal. The Agent should take care to ensure that all transactions with regard to the Principal’s property is handled with the best intentions, as if the Principal were present and able to attend to their own business competently.
This document must be notarized in order to take effect. The Principal may revoke this document, in writing and delivered to the Agent, at their discretion.
How to Write
Step 1 – The Parties –
- Enter the name of the Principal
- Their County of residence
- AND
- Enter the name of the designee
- The County in which the Agent resides
Step 2 – Powers and Purposes –
- Enter the County in which the property is located
- In the space below the paragraph, provide a legal description of the property or properties to be managed by care or sale
- Enter the address(es) of the property/properties
- Carefully read and review the remaining information in this section
Step 3 – Effective Date and Termination –
- Check the appropriate box indicating when and how the document will become effective. Enter additional information if required
- In section “B” circle the selection contained in the statement that would indicate whether or not the document will terminate upon disability and/or incapacity
- In the “C” section of this section, check the applicable box which will indicate the when the Principal would prefer termination of the POA.
- Read “Ratification and Indemnification”. The Principal must read and agree to this title
Step 4 – Signatures – to be signed before a notary public:
- Date the Signatures in dd/mm/yyyy format
- The Principal must provide their signature
- Printed Name
- AND
- The Agent must enter their signature
- Printed Name
As the Notary Public records the identifications of both parties, they will witness the signatures and complete the state required notary information that is required to acknowledge the document
Enter an address as to where the document must be returned, once the document has been filed and recorded
