What would you like to do?
An attorney-in-fact under a Power of Attorney can handle your finances for you and even make medical decisions if that power is included in the document that created the POA.
A principal can certainly cancel the general power of attorney without giving notice to the agent, but if notice is not given the agent might continue to act upon the pr…incipal's behalf. If the agent does continues to act without being told he shouldn't his actions for the Principal will still be effective against the Principal and the agent will not be held to have done anything wrong. The problem is that the agent will be acting with "apparent authority", which will be just as binding on the Principal as if the POA had never been revoked.
A person wants to give you the power of attorney for their finances. In this matter who is the agent and who is the principal?
The power of attorney is the form or document used to create the attorney-in-fact. The person who signs the power is the principal, the person designated as having the p…ower of attorney is the agent or attorney-in-fact. The power can be limited and/or durable or general. It can also be limited to a specific purpose, like signing documents to purchase or sell a house. Durable means it continues in effect even though the principal becomes mentally incompetent. The power ends on the death of the principal unless revoked earlier.
An agent can resign in writing and deliver the resignation to the principal. A copy should be given to any entity that was given a copy of the original POA. If the original wa…s recorded in the land records then the resignation should also be recorded. The resignation should contain all the information a revocation would require.
Yes, you must sign a power of attorney revocation form and make sure the client is notified of cancellation.
In most states all that is necessary is that it has to be signed in the presence of dis-interested witnesses or a Notary Public.
What can an agent do if someone tricks an elderly person into changing their power of attorney to name a different agent?
Nothing unless person is declared to be mentally incompetent at the time the power of attorney was made
You have the power of attorney which type of agent or you special agent single agent universal agent or agency coupled with interest?
"Power of attorney" means a written instrument. "Attorney-in-fact" means a person granted authority to act for the principal in a power of attorney, regardless of whether the …person is known as an attorney-in-fact or agent, or by some other term.
If the attorney-in-fact under a POA dies, their power doesn't pass to anyone else. The principal must execute a new POA naming a new attorney-in-fact.
How do you revoke a power of attorney created by the agent not the principle whereby you were never given a copy of the original power of attorney because proper protocol wasn't followed?
See the discussion page.
You sign the principal's name on the signature line and under the line write "by (your name) as attorney-in-fact under a Power of Attorney dated 1/1/2010"
A Power of Attorney is a written document that you can use to give another person the authority to act in your place. The person you name to act in your place is referred to a…s your agent.
Not enough information is given with which to answer the question. WHAT kind of "agent" is being referred to? However this general statement can be made; an individiual acting… under a "power of attorney" CANNOT notarize any documents bearing their own signature. In other words, they cannot sign something acting in their capacity as a POA and then, if they also happen to be a Notary Public, they cannot notarize that same document.
You can use a power of attorney to grant someone the authority to handle one or many of your affairs. ADDED: If you are granted a 'general' POA you can act in the grantors pla…ce in any matter. If you are granted a 'limited' POA you can only act within the confines of the limits that the document places on you.
Does a family member have to show proof of power of attorney to other family members
A power of attorney can only represent a living person. There is nothing to revoke after their death, the power of attorney is no longer valid.