My parents signed a General Power of Attorney (GPA) in 2005, giving their son the right to sell our family’s apartment building. He has already sold many flats. Now, we want to sell some of the remaining flats. The GPA was signed and notarized back then. Will it still be valid in 2016? Will banks give us a loan? Are there legal issues we need to be aware of?

A General Power of Attorney (GPA) signed in 2005 may not be valid in 2016 as it has no fixed validity period, unless specified in the document. Banks may be hesitant to provide loans due to potential legal complexities. You should consult a lawyer to review the GPA, assess its validity, and discuss potential legal issues before proceeding with any further transactions.