Description

• Document authorizing a person to act on behalf of another.
• Ideal for handling goods or paperwork, especially if you are outside of Puerto Rico.

Affidavit versus Power

• Affidavit:
  • Affidavit.
  • Less formal.
  • For simple formalities, such as transfer of vehicles(Note: we regret that we do not work with this).
• Power of Attorney (Deed):
  • Affidavit.
  • More formal, in legal writing format.
  • Required for major transactions such as property sales and purchases and for land registry data.

Type

• General: No expiration date.
• Special: Ends upon completion of specific management.
• Durable: Continues in effect if the grantor loses mental capacity, until revocation or death. Recommended for older adults in good mental health.

What is a Durable Power of Attorney?

• Purpose: Administers assets if the grantor loses mental capacity.
• Benefit: Avoids the need and high cost of appointing a guardian judicially.
• Requirement: Include property information from the Land Registry.

Who signs the Power of Attorney?

• Only the grantor ("principal").

Duration

• All powers of attorney expire upon the death of the grantor.

Requirements

• Copy of grantor and representative ("proxy") identifications to ensure accuracy.
• Copy of deed(s) to the property(ies): if the transaction involves any property, or if it is for a Durable Power of Attorney.

Costs

• They vary on a case-by-case basis and are charged at a flat rate, not on an hourly basis.
• Customers know the total cost in advance.

Online Procedures

• We work all the preparation through e-mail.
• Customers outside Puerto Rico avoid travel and lodging expenses.

Conclusion

• Services: Preparation of General, Special or Durable Powers of Attorney.
• Availability: Home services in the metropolitan area or online processing if you are outside Puerto Rico.
• Representation: If necessary, we can act as your representative in different transactions, such as a purchase and sale or donation of property, or inheritance cases.