Can I transfer or gifted property to myself i have registered POA

550 votes

A power of attorney is a document whereby a person, known as the principal, appoints another person, known as an agent or attorney-in-fact, to act on her behalf. People often refer to the agent as the power of attorney. It may be possible in certain states for an agent to convey property to herself when given express authority by language in the power of attorney. An agent should exercise caution before doing so, however, as she may later be required to prove that the conveyance was authorized and in the principal’s best interest.

Advocate Amit Gaurav LawRato

667 votes

No you cannot. as there is a law that for absolute transfer there must be offer, acceptance and delivery. it also forms a contactual relationship between two. in your case you are sole person and therefore for valid contract there must be atleast 1 Donner and One Donee.

Advocate Aditya Saurabh LawRato

667 votes

Dear sir,
Yes you can transfer by way of gift a property received through power of attorney if that power of attorney provides with the power to transfer by way of gift otherwise you have to make an special power of attorney for that purpose.

Advocate Alok Kumar Tripathi LawRato