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Can a POA pass the grantor's checks through the POA's own account?
Wiki User
∙ 14y ago
No, the Power of Attorney only applies to signing on behalf of the principal. You would still have to deposit the checks into the principal's account, then you can sign a withdrawal slip to remove the funds from the account once they have cleared assuming the bank has you added on the account as the POA.
Wiki User
∙ 14y ago
No, a power of attorney (POA) cannot use the grantor's checks through the POA's own account. A POA is obligated to act in the best interest and welfare of the grantor, and using the grantor's checks for personal gain would be a breach of fiduciary duty. The POA should only use the grantor's assets for the grantor's benefit and within the bounds of the law.
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Where in the US was the Pony of the Americas developed?
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Does a new power of attorney from principal to a new agent automatically void my power of attorney as the agent from the same principal?
The old POA should be revoked. The principal shouldn't have competing POAs in circulation.
In Colorado how does an heir get a copy of the will if the executor refuses to give them one?
== == File a request with the probate court to obtain a copy of the will and any other pertinent documents that have been presented to the court. POAs become null and void upon the death of the grantor.
Can your POA agent open a joint checking account in your name with himself as a joint owner without your signature?
The ability of a Power of Attorney (POA) agent to open a joint checking account in your name without your signature depends on the specific terms and authority granted in the POA document. Generally, a POA agent can manage financial matters on your behalf, which may include opening accounts. However, it is best to consult with a legal professional or review the specific language in your POA document for clarity and to ensure compliance with applicable laws and regulations.
Can a Pony of the Americas be solid chesnut in color?
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