Subject of this page
Power of attorney to collect insurance compensation on the deceased's loan.
Wording explained in the source text: collection and receipt, settlement, release (ibra), application and signature.
SHORT ANSWER
Power of attorney to collect insurance compensation on the deceased's loan: full sample text, explanations of the authorities mentioned in the text and a checklist for preparation before the transaction. The authority to be granted depends on the transaction to be carried out and on the situation of the person represented.
Power of attorney to collect insurance compensation on the deceased's loan.
Wording explained in the source text: collection and receipt, settlement, release (ibra), application and signature.
The person to be authorised, the transaction, the amount, the term and any limits should be specified. Granting every authority in the text may not be necessary for every transaction.
The notarial or consular form and the document requirements of the institution concerned must also be confirmed.
P08-130 · ENGLISH TRANSLATION OF THE FULL SOURCE TEXT
Attorney details
When a power of attorney is drawn up, the attorney details above are used; the authorities to be granted are determined for the specific transaction.
This is an English translation of the Turkish sample text, provided for information only. A power of attorney to be used in Türkiye is executed in Turkish: the Turkish original (PDF or Word) is the text to take to the notary or consulate, and the translation does not replace it.
Sample authority text (English translation)
With respect to any cash or in-kind loan that my decedent named obtained from its Branch, to request, collect and receive, in my name and in proportion to my inheritance right and share, on the basis of the Certificates of Inheritance, the insurance (compensation) amounts, or any money payable under whatever name, under the insurance agreements concluded by the lending bank as security for the loan with the titled Insurance company or with other relevant insurance companies, whether from the Branch where my decedent drew the loan, from other bank branches to which it is transferred, or from the cashiers of the relevant institutions or insurance companies making the payment, to settle and release, to carry out, pursue and conclude by signing, from start to finish before the relevant institutions, all acts and transactions required in these matters, to pay the inheritance and transfer taxes, to draw up and sign petitions, where necessary to have all debts of my decedent to the bank set off against the insurance compensation amounts, to reach settlement, to close accounts, to release, to draw up and sign any papers and documents that must be provided by me in connection with these matters,
The source text has been translated in full. Before using the sample, check the identity, transaction, authority and form requirements.
WORDING IN THE TEXT
This section explains the wording found in the source; it does not add any new authority to the source text.
Covers wording on receiving a payment or a receivable. The amount to be received, from whom and by which method should be made clear.
Wording on the authority to resolve a dispute by agreement. Whether the matter is open to settlement and the consequences of the agreement should be assessed separately.
May cover statements ending a debt or liability. The person to be released, the subject matter and the amount should be specified.
Refers to the authority to apply to the relevant institution or sign documents for the specified transaction. The scope of documents and transactions should not be treated as unlimited.
PREPARATION BY TRANSACTION
Prepare the details of the persons concerned and of the assets, together with any inheritance and file documents.
Determine separately whether the transaction is a transfer of title by succession, a collection, a sale or something else.
Prepare your valid identity document and the attorney-in-fact's details; confirm with the notary office or consulate whether additional documents and photographs are required.
If a foreign notary will be involved, clarify the sample text and the certification/translation route for the country concerned with the firm before the transaction.
Assess the details and authorities in the sample against your specific transaction. The form of the notarial or consular act and the current legislation must also be checked separately.
Use the Print option, or download the Turkish original as a PDF or Word (RTF) file. Only the Turkish original is offered for download, because a power of attorney to be used in Türkiye is executed in Turkish. The RTF file can be edited in Word and compatible word processors.
First clarify the transaction and the scope of authority with our firm. Depending on whether you go through a consulate or a foreign notary, determine the preparation of documents, certification and translation.
Official consulate appointment page (opens in a new tab)Import date: 27 September 2026. This date is not a legal update date.
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