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A letter of authority authorizes some specific type of action, such as a withdrawal from an account. Power of attorney gives a more general authority to act legally on behalf of another person.
No. "Attorney-in-fact" refers to a person who is granted authority to act for the principal in a power of attorney.The general power of attorney refers to the document,executed by a principal, that creates the power to act for the principal.
The authority granted to you is specified in the power of attorney form.
No. A Power of Attorney expires immediately upon the death of the principal.
Yes. You should be sure to have a general power of attorney and/or medical power of attorney.
No, they do not have that authority. The power of attorney expires on the death of the grantor.
A financial power of attorney gives someone the authority to conduct business for you.
No. A power of attorney is only an authority to act on your behalf while you are living.
You can get that type of power of attorney directly from the taxing authority.
The agent can act only within the scope of authority granted in the power of attorney.
The agent must act only within the scope of authority granted in the power of attorney.
A power of attorney expires on the death of the grantor. The executor needs a letter of authority.