POWERS OF ATTORNEY ACT 1998 - SECT 61B
Effect on beneficiary’s interest if property dealt with by attorney
POWERS OF ATTORNEY ACT 1998 - SECT 61B
Effect on beneficiary’s interest if property dealt with by attorney
61B Effect on beneficiary’s interest if property dealt with by attorney
(1) This section applies to a person who is a beneficiary (
"the beneficiary" ) under a deceased principal’s will.
(2) The beneficiary
has the same interest in any surplus money or other property (
"the proceeds" ) arising from a sale, mortgage, charge, disposition of, or
other dealing with, property under the powers given to an attorney under an
enduring power of attorney as the beneficiary would have had in the property
sold, mortgaged, charged, disposed of or otherwise dealt with, if the sale,
mortgage, charge, disposition or other dealing had not happened.