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The power of attorney gives the authorized representative very far-reaching powers and therefore presupposes unrestricted trust in the authorized representative. But what happens if this trust is suddenly no longer there? Revocation of the power of attorney "The power of attorney can be revoked by the principal at any time; an irrevocable power of attorney is not permitted," explains notary Michael Uerlings, press spokesman for the Rhineland Chamber of Notaries. So that...

If several people become heirs, they initially own the entire estate jointly. All heirs form what is known as a community of heirs. The handling and settlement of communities of heirs often raises questions. Notaries provide support and advice in advance on how to prevent non-functional communities of heirs. Inheriting without doing anything When a person dies, it is difficult for relatives to think about the...

Westphalian Chamber of Notaries. Once a real estate loan has been repaid in full, the bank issues a deletion permit. This step marks the successful repayment of the loan, but does not mean the complete end of the business relationship between the bank and the property owner. One important aspect often goes unnoticed: The land charge entered in the land register still exists. Assigning a land charge? Owners often deliberately neglect to submit the necessary application for...

Clubs are an integral part of social life in Germany. More than 28 million members are organized in sports clubs alone. 1 Many clubs pursue charitable purposes and thus serve society. The voluntary commitment of their members is an important pillar of our democracy. Notaries support associations with all kinds of registrations in the register of associations. On...

When getting married, most couples look to their personal relationship and their future together. However, marriage also entails a large number of rights and obligations. For this reason, it makes sense to deal with the legal consequences of marriage at an early stage. With a notarized marriage contract, these can be adapted to the specific personal...

Schleswig-Holstein Chamber of Notaries. A will can and should not only specify who inherits something. Many single parents who have underage children, for example, want to prevent the other parent from gaining access to the inheritance at a later date. This is precisely the danger. Custody also includes the custody of assets If a single parent dies and the other parent has custody of the...

Appointing an administrator relieves the burden on homeowners and creates clear responsibilities. But what specific powers does the administrator have? How is he appointed and how is he removed? And what role does the administrator play in the sale of a condominium? The Saxony Chamber of Notaries explains the legal requirements. Key role in the condominium owners' association If you think of the condominium owners' association as a...

Westphalian Chamber of Notaries. Consumers often assume that a power of attorney must be certified or notarized by a notary in order to be valid. However, although powers of attorney are valid for many purposes without any formal requirements, a notarized power of attorney has numerous advantages. If it is a power of attorney for health care, with which provision is made for a sudden incapacity and a...

In May of this year, the government draft of a law on the introduction of electronic notarization in person was published. Now that electronic minutes can be drawn up as part of notarial online procedures since 2022, this option is also to be available in the future for face-to-face procedures - i.e. when the parties are present in the notary's office. This will close gaps in digitalization, avoid media disruptions and...

Westphalian Chamber of Notaries. The limited liability company, or GmbH for short, is the most widespread legal form for business start-ups in Germany. This is due to the many advantages it offers founders: The GmbH legal form is considered trustworthy and is internationally recognized, which makes it easier to find business partners and investors. It is suitable for companies of any size whose...