here is the situation:
a real estate is under the name of A and B. A and B are moving out of the country and gave C an irrevocable power of attorney to manage the estate. However, C died.
Question: Who then owns the real estate? Is the irrevocable power of attorney void? What will happen to the real estate?
Irrevocable power of attorney?
A and B still own the property. Any contract including power of attorney are terminated once that receiving power dies.
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http://www.help-house-rent-mortgage.org
Hope this helps!
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