Can you sell parents house with power of attorney?
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Can you sell parents house with power of attorney?
You can give your attorney the power to make decisions about your finances or property which you could do yourself. These broad powers include selling, buying or leasing property (such as your house), making investments, accessing cash (including bank accounts) and buying or selling shares.
How do you get power of attorney for elderly parent in Texas?
In order for you to obtain a power of attorney, your parents need to give their authorization in front of a notary. The guardianship requires probate court approval and supervision, and involves proving the incapacity of your parents through medical statements.
What happens when an elderly person is declared incompetent?
If the person is ruled incompetent, then the court transfers the responsibility for managing finances, living arrangements, medical decisions or any combination of these tasks to the petitioner. This process often takes a good deal of time and money.
