Power of attorney to share holder in land
Kumar
(Querist) 10 February 2015
This query is : Resolved
Dear Experts,
I and my wife have shared property of land. Wife said she will give up her share and said she will give "Power of attorney" to me. is this valid?
ajay sethi
(Expert) 10 February 2015
wife can execute gift deed in your favour or relinquishment deed . on such documents being executed you would be absolute owner of said property .
Kumar
(Querist) 10 February 2015
Ok Thanks Ajay Sir. But without knowing that, i signed agreement during negotiation meeting that I will accept "power of attorney" from my wife.But people said, i cannt get "Power of attorney", since i was one of share holder in that property. is that true? is this option invalid?
P. Venu
(Expert) 10 February 2015
Getting 'Power of Attorney' does not transfer the title to you.
Rajendra K Goyal
(Expert) 11 February 2015
Negotiation meeting for what purpose and with whom?