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A Power of Attorney is a legal document that grants another person the authority to act for you on your behalf by signing legal documents in your name. It doesn't have another name.
A person who acts under a Power of Attorney is called an agent or attorney-in-fact. The person who executes the POA is called the principal or grantor.
What else can I help you with?
If there is two names on a CD account at the bank and one dies can power of attorney take the money out?
If the power of attorney represents the deceased, no, they cannot. A power of attorney expires on the death of the grantor.
What is executive power of attorney?
Executive power of attorney means that an attorney was appointed to handle a will. There are other instances where this can be enforced as well.
Can a power of attorney be revoked by other family members?
No only the grantor can revoke a power of attorney. That may be the court. And death will terminate the power of attorney.
Can someone other than your wife be your power of attorney?
Yes, you can appoint anybody to hold your power of attorney.
Who has legal power the spouse or the attorney in fact under the power of attorney?
If a married person (the principal) granted a power of attorney to someone other than their spouse, that other person has the superior authority set forth in the power of attorney document, usually to make decisions and act on behalf of the principal. If you object you should have that situation reviewed by an attorney.
is a power of attorney for a parent filed anywhere other then with the power of attorney?
It will typically have to be filed with each third party they are working with. Without a copy of the power of attorney, a bank will not recognize the rights.
What is power of attorney and when does it apply?
"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.
How do you obtian power of attorney over a parent in NH?
You first have to authorize a power of attorney form, then make them sign as the 'Principal' and you should sign as the 'Attorney-in-Fact' If your parent is competent their grant of a Power of Attorney must be voluntary. They must execute a Durable Power of Attorney document that names you as their attorney in fact. You and your parents should consult with an attorney who can review the situation and advise you of your options and the consequences of executing a power of attorney. If your parent is not legally competent then you must petition the court to be appointed their legal guardian.
Is power of attorney applicable in other country?
Probably not.
How do you remove a power of atterney?
To remove a power of attorney, you must create a formal document called a revocation of power of attorney. This document should clearly state that you are revoking the previous power of attorney and include details such as the date and the names of both the principal and the agent. Once drafted, sign the revocation and distribute copies to the agent, any relevant financial institutions, and other parties who were aware of the original power of attorney. It's also advisable to notify the agent directly to ensure they understand their authority has been revoked.
Can a power of attorney delegate their authority to another power of attorney?
No, a power of attorney cannot delegate their authority to another power of attorney.
What happens when the principal dies with his power of attorney?
A "power of attorney" refers to a written instrument, executed by one person (the principal) that allows another person (the attorney in fact) to act on their behalf. If the principal dies the power of attorney is extinguished. If the attorney in fact dies the principal must execute a new power of attorney that names a new attorney in fact.
