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Rahul D (Executive )     08 January 2012

Power of attorney giver to relinquish its own power

 

Hi, 

Happy New Year to all. My client has the following situation at hand:

"Person A gives general power of attorney (all rights relating to property, investments, etc) to person B. At the same time person A (the power giver) should relinquish all such powers mentioned in the power of attorney i.e.  after giving the power of attorney to B, A cannot take actions mentioned in the power of attorney, only B can do such activities."

Is the above possible in any way? Thanks. 



Learning

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