Property Power of Attorney Online
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What is property power of attorney ?
A property power of attorney is a legal instrument that authorises an appointed attorney or agent to manage and oversee the principal’s property affairs in situations where the principal is unable to do so themselves due to incapacitation or absence.
What are the benefits of property power of attorney in Dubai, UAE?
- Asset Management Continuity : Property power of attorney ensures that in the event of the principal’s incapacity or absence, there’s a designated individual legally authorised to manage their assets without delay. This continuity prevents financial disruptions and ensures that bills, mortgages, and other obligations are promptly addressed.
- Tailored Decision Making : By appointing a trusted agent through a property power of attorney, the principal can ensure that their specific wishes and preferences regarding property management are adhered to. This personalised approach allows for tailored decision-making in line with the principal’s intentions and values.
- Avoidance of Court Intervention : Without a property power of attorney in place, if the principal becomes incapacitated, family members might need to seek court intervention to gain control over the property. This process can be time-consuming, expensive, and may result in decisions being made by individuals who are unfamiliar with the principal’s desires.
- Protection Against Financial Exploitation : Property power of attorney can serve as a safeguard against financial exploitation or mismanagement by providing clear legal guidelines for property management. By appointing a trusted agent, the principal reduces the risk of unauthorised transactions or misuse of assets.
- Flexibility in Decision-Making : Property power of attorney grants the agent the authority to make a wide range of property-related decisions on behalf of the principal. This flexibility allows the agent to adapt to changing circumstances and make timely decisions in the best interest of the principal and their property.
- Peace of Mind for the Principal : Knowing that there is a designated individual authorised to manage their property affairs can provide the principal with peace of mind. They can rest assured that even if they are unable to oversee their assets personally, someone they trust will handle matters according to their wishes.
- Estate Planning Tool : Property power of attorney is a valuable tool in estate planning, as it ensures a seamless transition of property management responsibilities in the event of incapacity or absence. By including a property power of attorney as part of their estate plan, individuals can exert greater control over the management and distribution of their assets.
How is property Power of Attorney different from other types of power of attorney?
A property power of attorney specifically grants someone the authority to make decisions about property, such as buying, selling, managing, or transferring real estate or other assets. Other types, like healthcare power of attorney, give authority over medical decisions, while general power of attorney grants broad authority over various matters. Each serves different purposes based on the specific needs and preferences of the individual granting the power.
From 899 33% Off
AED 599
Get Your Property Power of Attorney Online in 3 Easy Steps Through POA Central
1. Order
Select the type of POA you need and place your order online.
2. Drafting
Our team of expert drafters will create a custom document that fits your exact needs.
3. Notarization
Once your POA is complete, we'll notarise the document to ensure its legally recognised.
Benefits of choosing POA Central for your Property POA in UAE?
- Competitive Pricing: POA Central offers the lowest rates in the market, ensuring clients access high-quality services affordably.
- 24/7 Support: Round-the-clock customer assistance ensures convenience and peace of mind.
- Fully Online: Access services remotely from anywhere with an internet connection, simplifying the process.
- Extensive Experience: With over 1000 satisfied customers, POA Central demonstrates reliability and expertise.
- Money-Back Guarantee: Assurance of quality services with a 100% money-back guarantee.
- Tailored Solutions: Customise POA to specific needs, providing flexibility and alignment with legal requirements.
Best POAs at Affordable Prices
POA Essential
Was AED 799
| 25% Off
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Bilingual draft (English & Arabic)
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Preparation in – Hours
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Amendments
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E- notarization
Most Popular
POA Standard
Was AED 1299
| 30% Off
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Bilingual draft (English & Arabic)
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Preparation in – Hours
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Up to 3 amendments
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Guidance for physical notarization
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E- notarization
Ultimate choice
POA Prime
Was AED 1499
| 35% Off
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Bilingual draft (English & Arabic)
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Preparation in – Hours
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Up to 15 amendments
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Guidance for physical notarization
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Inclusive of notary fee for 1 Signatory
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E- notarization
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Frequently Asked Questions
It costs about AED 599 to AED 1499 to obtain a power of attorney in Dubai , UAE.
Yes, Once the preparation of the property POA has been completed, the final step would be to sign it in the presence of a Notary Public in the UAE and they will get it notarised accordingly. The process of notarisation varies depending on the place (Emirate) of signing.
The rights of a property power of attorney holder typically include the authority to buy, sell, manage, lease, or transfer real estate and other assets on behalf of the person who granted them the power. They may also have the right to make decisions regarding mortgages, investments, and other financial matters related to the property. However, the exact scope of authority can vary depending on the terms outlined in the power of attorney document.
Property power of attorney can be given to any competent individual who is willing to act on behalf of the person granting the power. This could be a family member, friend, attorney, or trusted advisor. It’s important to choose someone who is responsible, trustworthy, and capable of managing property matters effectively. Additionally, some people opt for a professional, such as a lawyer or financial advisor, especially if the property or financial matters are complex.
The purpose of a property power of attorney is to designate someone to manage, make decisions, and handle property-related matters on behalf of the individual granting the power, especially in situations where they are unable to do so themselves due to incapacity or absence.
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