Hello guys. Please I have a question. In a situation where the wife is the PA and POF is coming from the husband who will receive it as a lump sum into his account, is consent letter from the husband appropriate or gift deed.
If its consent letter, will the husband (accompanying spouse) be required to produce statement of his account and letter of non indebtedness from his bank? If yes, would it not show that he received the pof as a lump sum into his account (which is a red flag)?
If its gift deed, is there need for statement of account and letter of indebtedness from PA and husband's account?
Please help. Thanks.