This is regarding GIFT DEED- My father wants to gift his flat to me. Since he is old and stays in native place he can not come to the city therefore he wishes to give a POWER OF ATTORNEY on my name to enable me to gift the said flat to myself. On one hand I am his Constituted Attorney on the other hand I am the beneficiary .
There are two school of thoughts-
1) I can always be the C.A of my father and Gift the property to myself. Since I am representing my father and authorized by him to gift the property to a beneficiary who happens to be myself. And there should not be any issue as I am representing two different entities.
2) I cannot be the C.A.to my father and also be the beneficiary.
Next query:
For second property -
Can he give me the POA on my name and authorize me to gift this property to any person of my choice. Should he mention to whom it should be gifted right now in the POA?
He has said that I should Gift it to any person of my choice. I wish to gift it to one of my three nieces or to a charitable institution of my choice. Is it necessary to mention the beneficiary's name in the POA? If the choice has been left to me then why should any beneficiary's name should be mentioned in the POA>
Please clarify with explanation.