Property Ownership
Indiana recognizes a 'springing power of attorney' in real estate, which means:
AThe POA is effective immediately upon signing
BThe POA only becomes effective upon a specified condition (such as the principal's incapacity)✓ Correct
CThe POA springs from one agent to another upon death
DThe POA is automatically renewable each spring
Explanation
A springing power of attorney is one that does not take effect immediately but rather 'springs' into effect upon the occurrence of a specified event or condition, such as the principal becoming incapacitated.
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