answersLogoWhite

0

What does POA amount mean?

Updated: 9/14/2023
User Avatar

Wiki User

15y ago

Best Answer

it means price on application...this is usually used for luxury properties and they will mostly be very expensive

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does POA amount mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

Can a POA for someone endorse a check for them and then deposit the check into the POA's account?

cAN A poa NAME THEMSELVES AS A BENEFICARY


What can be done if an individual who has Power of Attorney is misusing the credit cards of the POA grantor?

Why do they "know" they won't be held responsible? They believe the person who issued the POA will never find out, or ...? Being given a POA is not a license to steal/self-deal. One has a fiduciary duty to the person who issued the POA. * A POA becomes null and void upon the death of the grantor. When the deceased estate is probated any misuse of funds or mishandling of property will be discovered upon the auditing of the estate. A person abusing POA authority can be held directly responsible for such actions and said acts could result in both criminal and civil penalties.


If you become power of attorney for a deceased sibling can you be held responsible for their debt?

No. There seems to be some confusion as a POA becomes null and void upon the death of the grantor. However, the POA grantee is never responsible for the debt of the grantor beyond said grantor's financial assets.


What does rebates mean?

to reduct or return an amount from a payment or bill


What happens if a person sold a property of a deceased person and used a power of attorney?

A POA is extinguished at the moment of death. If a POA was used to sell the property of a deceased person the sale was null and void. The former attorney-in-fact had no legal interest in the property, couldn't sell it and committed a fraud. The buyer did not get title to the property.