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If I am the power of attorney for my parent Can I take their money and put it in a CD in my name?
Wiki User
∙ 9y ago
No, that would be a breach of fiduciary duty. You can put it into a CD in their name.
Wiki User
∙ 9y ago
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Can a child obtain auto insurance for a car that is in a parent's name?
If they have Power of Attorney, yes.
When a person dies and no one name was on it but hers can a family member get the money out if they were her power of attorney?
The power of attorney has no rights after the death of the grantor.
Can a Power of Attorney remove money from a bank account and then put it in there name?
If it is in "THERE" name, No. If it is in "THEIR" name, maybe.
If you are power of attorney of your parent and your name is not on his bank account can you withdraw the money?
As power of attorney, you have the legal authority to manage your parent's financial affairs. However, if your name is not on the bank account, you may need to present the power of attorney documentation to the bank and follow their procedures to gain access to the account and make withdrawals. It's recommended to contact the bank to understand their specific requirements.
Can you still write checks on an account that includes your name after your mothers death with a durable power of attorney?
If you are one of the account holders, yes. You do not need a power of attorney to do so. Also a power of attorney expires on the death of the grantor.
If someone you knew passed away and their power of attorney was still cashing their checks using their money and signed their name to their tax returns what can happen?
They could be charged with fraud. A power of attorney expires on the death of the grantor.
Is it legal for a person who has power of attorney to with draw money from an account after the person is deceased in Ohio?
Yes. A Power of Attorney gives the holder of the same, unlimited power in terms of carrying out any kind of activities on the issuer's name. The holder of the power of attorney can act as a proxy to the issuer and carry out banking transactions on his behalf. It is perfectly legal.
Can you write your spouse name on a legal document then sign your name and put power of attorney?
If your spouse has granted you the power of attorney. Otherwise it would not be valid.
How power of attorney works?
A power of attorney grants another person the authority to act in name, place and stead for the principal.
How do you sign as attorney in fact under a power of attorney in California?
If acting as an attorney-in-fact then you must sign the person's name on the signature line and write "Acting as POA for (principal's name)" underneath.
Siblings are fighting over power of attorney.. who is first in line for the power of attorney?
A person can choose whoever they want as their attorney-in-fact. There is no legal order they must follow. It is the free choice of the principal as to who they name as attorney-in-fact under their Power of Attorney document.
Can 2 persons be named to living will power of attorney?
While a living will typically does not carry with it a power of attorney, the general rule is that a person can name as many people to have a power of attorney as he/she wishes, but it would complicate matters to name more than one.
