Updated April 14, 2023
A Kentucky real estate power of attorney is a document used by a principal when providing written permission for their selected agent to carry out functions with real property in their name. Potentially the principal can appoint the agent with the authority to assist with the sale, purchase, management, and refinancing of real property (depending on the directives the principal lists). The “agent” could be a business entity, a knowledgeable attorney, or even an individual that the principal would prefer handling a portion or all of his or her real property.
When the document has been filled in, completed with signature, and witnessed by a notary, that notary will have to provide the required acknowledgment needed for the document to be effective. The document may be revoked at any time. The principal must provide written notice to the agent.
Laws
- Statutes – Uniform Power of Attorney Act (§§ 457.010 — 457.460)
- Signing Requirements (KRS § 457.050) – Notary Public.