A legally designated representative, acting under a granted authority, may dispose of real estate on behalf of the grantor. This authority is typically specified within the document granting these powers, outlining the scope and limitations of the representative’s actions regarding the property. For example, the document might permit the sale of a specific property or grant broader authority to manage all real estate holdings.
This delegation of authority provides significant advantages, particularly when the grantor becomes incapacitated or unavailable to manage their affairs. It allows for the continued management and disposition of assets, preventing potential financial complications or delays. Historically, such arrangements have been essential for ensuring the smooth transfer of property and wealth across generations and managing assets during periods of absence or illness.
