answersLogoWhite

0

Power of Attorney

Power of Attorney is a document that allows one person to act in legal matters for another. This can include turning on utilities, making medical decisions, and many other permissions.

876 Questions

What are the consequences of defying the power of attorney?

An agent who acts contrary to the duties of an agent can be liable to the Principal or the Principal's successors in interest for the amount required to restore the value of the Principal's property to what it would have been had the violation not occurred.

Does power of attorney have the right to hold money that is will to someone else for as long as they like?

Answer: When a person dies with a will, will need to determine if the person who is now deceased has appointed somebody to be the administrator of the estate. If so, this person will submit the will to the probate court to have the will probated. If the will does not call for an administrator, then it will depend on the law in the state to determine if there are any restrictions of somebody else being appointed as the executor of the estate. The potential executor would apply to the probate court for appointment. The administrator or the executor are under an obligation to settle the estate as quickly as possible. This means collecting all the assets of the estate, paying first all the estate debts, and then disbursing any remaining assets according to the terms in the will. Once the process is completed, the person will advise the probate court who will order the estate closed. Once the estate is closed, there are no other claims that can be brought.

My siblings who are power of attorney and healthcare advocate are not giving my any information regarding my mother's health How can I get them to give me that?

You can ask them or, as next of kin, you can ask the doctor or hospital treating your Mother. Added: (In the US) Due to the provisions of the HIPAA law you will not be able to learn anything (legally, that is) from her physician or treatment facility. Unless you are able to proveably allege some mistreatment of your mother on the part of your siblings you seem to have no legal leverage to force them to release information to you. Perhaps a face-to-face family meeting can be called to iron this situation out.

How old do you have to be to be a power of attorney?

You must be at least 18 years old to be an attorney-in-fact under a Power of Attorney. However, an attorney-in-fact has complete control over the property of the principal and should have the maturity and good judgment to fulfill that roll in a responsible manner. It is generally unlikely that an 18 year old has the knowledge and experience to carry on all the business for a principal. In such cases, the POA can be limited in writing to a few specific powers such as banking and bill paying. The attorney-in-fact can be sued for any breach of their duty.

You should consult an attorney for help in drafting a POA document.

If you have power of attorney for a family member's financial care do you need a different power of attorney for personal care?

Unless you were specifically granted a "General Power Of Attorney" your responsibility and powers extend only as far as to what was granted in the POA you possess. You should consult an attorney to have them read it for the specifics.

Can a bank refuse to except a durable power of attorney?

A bank should not refuse to accept a Power of Attorney that is current and valid under state laws. If it does, the attorney-in-fact should contact the legal department of the bank for an explanation. If that doesn't result in a resolution the AIF should contact the state banking commissioner.

How do you revoke an irrevocable power of attorney if the principle is dead?

If the principal is dead then so is the Power of Attorney. It expires upon the death of the principal unless there was special powers granted in the POA that allowed some authority regarding the funeral.

Can a convicted felon in NC be granted a power of attorney?

If the individual wishing to award them their POA wishes to do so, there is no legal barrier against it.

What should you do with your sister that has power of attorney and executor of the will?

A Power of attorney expires immediately upon the death of the principal. If your parent has died the POA is no longer in effect.

If your parent left a will naming your sister as the executor the will must be submitted to the probate court. The court will review the will to determine if it is valid under state laws. If it is allowed then your sister will be appointed the executor if no other person objects to the appointment.

Once she has been appointed by the court as executor your sister will have the authority to settle the estate according to the provisions set forth in the will, according to the state probate laws and under the supervision of the probate court.

If a man with power of attorney for his living mom dies will his POA for his mom transfer to his wife or to the POA of his moms body or to his other living sibling and what legal action is necessary?

The power of attorney for the mother does not pass on to anyone upon the death of the attorney-in-fact. That power dies along with the son. When a person gives her power of attorney to another person (the attorney-in-fact), that choice is considered so personal that it cannot be passed on to any another person. A good POA will include a provision for an alternate attorney-in-fact to be empowered upon the death of the first person in the same way that a will provides for an alternate executor.

Do you need a power of attorney after your dads death?

A power of attorney can only represent a living person. After death, the court will appoint a an executor for the estate.

If I am injured, can my mother sell my house using a power of attorney form?

This situation is exactly what the power of attorney is for. It is a written document which gives others control over your personal affairs if you are unable to do so in case of injury or other incident.

Is a daughter who was Power of Attorney proir to her father's death responsible to the IRS for his debt when there is no estate?

No she will not be personally responsible for the debt. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

Can a power of attorney be obtained to handle my dads affairs by just going through an attorney or are you required to go to court?

A Power of Attorney can only be granted by the individual who is giving it, to some other trusted person whom they specifically name . . . . and they must be of proveable sound mind when they do it. An attorney cannot help you, nor can a court grant such a power. Perhaps you are thinking of a "Guardianship."

In that case you (or an attorney on your behalf) can petition the court to award you a "guardianship" if sufficient legal qualifications are met.

DURABLE POWER OF ATTORNEY for a parent of a developmental disabled adult child?

DURABLE POWER OF ATTORNEY: Form to grant power of attorney to another for the conduct of business and other transactions, with the power remaining effective upon grantor's later disability

I, George ****, appoint L**** W**** of *****, ** as my attorney-in-fact (agent) with the following powers to be exercised in my name and for my benefit:

General Grant of Power. To exercise or perform any act, power, duty, right, or obligation whatsoever that I now have or may hereafter acquired, relating to any person, matter, transaction, or property, real or personal, tangible or intangible, now owned or hereafter acquired by me, including, without limitation, the following specifically enumerated powers. I grant to my agent full power and authority to do everything necessary in exercising any of the powers granted here as fully as I might or could do if personally present, with full power of substitution or revocation, ratifying and confirming all that my agent shall lawfully do or cause to be done by virtue of this power of attorney and the powers granted here;

Collection Powers. To forgive, request, demand, sue for, recover, collect, receive, hold all such sums of money debts, dues, commercial paper, checks, drafts, accounts, deposits, legacies, bequests, devises, notes, interests, stock certificates, bonds, dividends, certificates of deposit, annuities, pension, profit sharing, retirement, social security, insurance and other contractual benefits and proceeds, all documents of title, all property, real or personal, intangible or tangible property and property rights, and demands whatsoever, liquidated or unliquidated, now or hereafter owned by, or due, owing, payable or belonging to, me or in which I have or may hereafter acquire an interest; to have, use, and take all lawful means and equitable and legal remedies and proceedings in my name for the collection and recovery of them, and to adjust, sell, compromise, and agree for the same, and to execute and deliver for me, on my behalf, and in my name, all endorsements, releases, receipts, or other sufficient discharges for the same;

Real Property Powers. To bargain, contract, agree for, option, purchase, acquire, receive, improve, maintain, repair, insure, plat, partition, safeguard, lease, demise, grant, bargain, sell, assign, transfer, remise, release, exchange, convey, mortgage, and hypothecate real estate and any interest in it (and including any interest which I hold with any other person as joint tenants with full rights of survivorship, or as tenants by the entireties), lands, tenements, and hereditaments, for such price, upon such terms and conditions, as my agent shall determine;

Personal Property Powers. To bargain, contract, agree for, purchase, option, acquire, receive, improve, maintain, repair, insure, safeguard, lease, assign, sell, exchange, redeem, transfer, mortgage, hypothecate, and in any and every way and manner deal in and with goods, wares, merchandise, furniture and furnishings, automobiles, bills, notes, debentures, bonds, stocks, limited partnership interests, certificates of deposit, commercial paper, money market instruments, and other securities, choses in action and other tangible or intangible personal property in possession or in action, for such price, upon such terms and conditions, as my agent shall determine;

Gift Power. To make gifts of any kind, provided, however, that the aggregate of all gifts to one donee other than a charitable donee, in any one year shall not exceed my federal gift tax annual exclusion for the year in which the gifts are made, and this authority shall be non-cumulative [to include gifts to agent by agent, include here and see restrictions on agent's powers at paragraph 22];

Contract Powers. To make, do, and transact every kind of business of whatever nature, and also for me and in my name, and as my act and deed, to sign, seal, execute, deliver, and acknowledge such stock certificates, stock powers, assignments separate from certificate, deeds, conveyances, leases and assignments of leases, covenants, indentures, options, letters of intent, contracts, agreements, closing agreements, certificates, mortgages, hypothecations, bills of lading, bills, bonds, debentures, notes, receipts, evidence of debts, releases and satisfaction of mortgage, judgments and other debts, waivers of statutes of limitation, and such other documents and instruments in writing of whatever kind and nature as may be necessary or proper in the premises, as fully as I might do if done in my own capacity;

Banking Powers. To make, draw, sign in my name, deliver, and accept checks, drafts, receipts for moneys, notes, or other orders for the payment of money against, or otherwise make withdrawals from any commercial, checking, or savings account which I may have in my sole name or in joint name with my spouse or other person(s), in any bank or financial institution, for any purpose which my agent may think necessary, advisable or proper; and to endorse and negotiate in my name and deliver checks, drafts, notes, bills, certificates of deposit, commercial paper, money market instruments, bills of exchange, or other instruments for the payment of money and to deposit same, as cash or for collection, and cash into any commercial, checking, or savings account which I may have in my sole name or in joint name with my spouse or other person(s), in any bank or financial institution; and to carry on all my ordinary banking business;

Tax Returns. To prepare, execute, and file reports, returns, declaration, forms, and statements for any and all tax purposes including income, gift, real estate, personal property, intangibles tax, single business tax, or any other kind of tax whatsoever, to pay such taxes and any interest or penalty or additions to make and file objections, protests, claims for abatement, refund or credit in relation to any such tax proposed, levied or paid; to signify, as may be required by Section 2513 of the United States Internal Revenue Code of 1954, as amended, or any corresponding section of any future United States law, my consent to having one-half of any gift(s) made by my spouse considered as made by me; to represent me and to institute and prosecute proceedings in court or before any administrative authority to contest any such tax in whole or in part or for recovery of any amount paid in respect of any such tax, to defend or settle any amount paid in respect of any such tax, to give full and final receipt for any refund or credit and to endorse and collect any check or other voucher; to pay any and all such taxes and any interest, penalty, or other additional amounts, to employ attorneys, accountants, or other representatives and grant powers of attorney or letters of appointment for any of the purposes stated above;

Safe Deposit Box. To have access to any safe deposit box of which I am a tenant or co-tenant with full power to withdraw or change from time to time the contents of it; and to exchange or surrender the box and keys to it, renew any rental contract for it, and to do all things which any depository, association or bank, or its agents may require, releasing the lessor from all liability in connection with it;

Employ Agents. To employ and compensate agents, accountants, attorneys, real estate brokers, and other professional assistance and to retain and compensate such persons for services rendered; to waive any attorney-client privilege;

Motor Vehicles. To apply for a Certificate of Title upon, and endorse and transfer title, for any automobile, or other motor vehicle, and to represent in such transfer assignment that the title to the motor vehicle is free and clear of all liens and encumbrances except those specifically set forth in such transfer assignment;

Settlement Powers. To adjust, settle, compromise, or submit to arbitration any accounts, debts, claims, demands, disputes, or matters which are now subsisting or may hereafter arise between me or my agent and any other person or persons, or in which any property, right, title, interest, or estate belonging to or claimed by me may be concerned;

Legal Actions. To commence, prosecute, enforce, or abandon, or to defend, answer, oppose, confess, compromise, or settle all claims, suits, actions, or other judicial or administrative proceedings in which I am or may hereafter be interested, or in which any property, right, title, interest, or estate belonging to, coming to or claimed by me may be concerned;

Dividends. To receive all dividends which are or shall be payable on any and all shares of stock in any corporation which may stand in my name on the books of such corporation or to which I may be, in equity or otherwise, beneficially entitled; or to elect to reinvest such dividend, all as my agent may deem appropriate;

Vote Stock. To vote at all stockholder meetings of corporations and otherwise to act as my proxy or representative in respect of any shares now held or which may hereafter be acquired by me and for that purpose to sign and execute any proxies or other instruments in my name and on my behalf;

Transfer Stock. To sell, assign, transfer, and deliver all and any shares of stock standing in my name on the books of any corporation, or to which I may be, in equity or otherwise, beneficially entitled, and for the purpose to make and execute all necessary acts of assignment and transfer;

Insurance and Employee Benefit Plans. To redeem, surrender, borrow, extend, cancel, amend, pledge, alter, or change, including change of beneficiary of any insurance policies in which I may have an interest, as my agent may deem proper and expedient, and for such purpose to sign and execute any documents, affidavits, or forms required in my name and on my behalf, except however, my agent shall have no power and authority over life insurance policies I may own on my agent's life; and to exercise all powers and options involving retirement programs, compensation plans, pension, profit sharing, and other employee benefit plans;

Social Security and Government Benefits. To make application to any governmental agency for any benefit or government obligation to which I may be entitled; to endorse any checks or drafts made payable to me from any government agency for my benefit, including any Social Security checks;

Business Interests. To continue to conduct or participate in any business in which I may be engaged or to carry out, modify, or amend any agreement to which I may be a party, and to sell, exchange, modify, or terminate such interest to or with such person or persons as my agent may deem proper and on such terms and with such security as my agent may deem appropriate; execute partnership agreements, and amendments; incorporate, reorganize, merge, consolidate, recapitalize, sell, liquidate, or dissolve any business; elect or employ officers, directors, and agents; carry out the provisions of any agreement for the sale of any business interest or the stock in it;

Borrow. To borrow from time to time such sums of money and upon such terms as my attorney may think expedient for or in relation to any purpose or object which my agent may deem proper or expedient, unsecured or upon the security of any of my property, whether real or personal or otherwise, and for such purpose to give, execute in my name, deliver, and acknowledge promissory notes and/or renewals of, mortgages, pledges, and guaranties with such powers and provisions as my agent may think proper or requisite;

Debts and Expenses. To pay, compromise, and settle any and all bills, loans, notes, or other forms of indebtedness owed by me at the present time, or which may be owed by me or incurred by my agent for my benefit at any time in the future, and to incur and pay from any of my assets or property all reasonable expenses in connection with the control, management, and supervision of my property and the maintenance, support, care, and comfort of myself and those dependent upon me, including reasonable compensation for the services of my agent, and including the fees and charges of such agents, attorneys, accountants, or others as my agent may, in the exercise of discretion, employ in the management of any of my affairs;

Investments. To invest and reinvest in loans, stocks, bonds, including United States Bonds purchased at a discount but redeemable at face value, securities, real estate, life insurance, annuities, or endowment policies, or combinations of them, or in any other investment which my agent may deem proper; to reduce the interest rate at any time and from time to time on any mortgage or land contract; to deal with and give instructions to any brokerage firm with respect to the purchase, sale, or other disposition of securities and other assets, add assets to or withdraw assets from any account in my name, and sign any representation, certification, or agreement, including agreements regarding margin, option trading, or commodities accounts, that my agent deems advisable;

Restrictions on Agent's Powers.

  • My agent cannot execute a will or codicil on my behalf.
  • My agent cannot execute any trust on my behalf, however, my agent can enter into a custodial agreement with a bank with trust powers.
  • My agent cannot divert my assets to himself [or herself], his [or her] creditors or his [or her] estate.
  • My agent shall not exercise, and shall not be vested with any incidents of ownership as to insurance policies insuring my agent's life, owned by me.
  • My agent is a fiduciary, possessing no general or limited power of appointment.
  • My agent shall not exercise any powers which I received from my agent in a fiduciary capacity, and my agent shall have no authority to exercise any powers, the exercise of which would cause assets of mine to be considered as taxable in my agent's estate for the purposes of the federal estate tax or the Kansas inheritance tax;
Interpretation and Governing Law. This instrument is to be construed and interpreted as a general durable power of attorney. The enumeration of specific powers here is not intended to, nor does it, limit or restrict the general powers granted here to my agent. Paragraph headings are for convenience only and are not to be deemed to be part of this instrument. This instrument is executed and delivered in the state of Kansas, and the laws of the state of Kansas shall govern all questions as to the validity of this power and the construction of its provisions;

Third-Party Reliance. Third parties may rely upon the representation of my agent as to all matters relating to any power granted to my agent, and no person who may act in reliance upon the representations of my agent or the authority granted to my agent shall incur any liability to me or my estate as a result of permitting my agent to exercise any power, and for the purpose of inducing third parties to rely on this power of attorney, I warrant that, if this power of attorney is revoked by me or otherwise terminated, I will indemnify and save such third party harmless from any loss suffered or liability incurred by such third party in good faith reliance on the authority of my agent prior to such third party's actual knowledge of revocation or termination of this power of attorney whether such termination is by operation of law or otherwise. This warranty shall bind my heirs, devises, and personal representatives;

Disability of Principal. This power of attorney shall not be affected by my disability. The authority of my agent shall be exercisable notwithstanding my later disability or incapacity or later uncertainty as to whether I am alive. Any act done by my agent during any period of my disability or incompetency or during any period of uncertainty as to whether I am alive shall have the same effect as though I were alive, competent, and not disabled, and shall inure to the benefit of and bind me, my heirs, devisees, and personal representatives;

Photographic Copies. Photographic or other facsimile reproductions of this executed power may be made and delivered by my agent, and may be relied upon by any person to the same extent as though the copy were an original. Anyone who acts in reliance upon any representation or certificate of my agent, or upon a reproduction of this power, shall not be liable for permitting my agent to perform any act pursuant to this power.

I have signed and delivered this general durable power of attorney on June **, 20**..

________________________________________

George ***

Witnesses:

How can i file for power of attorney over my disabled mother in California?

Power of Attorney Forms are not filed with the State, instead you will have to download or get a form, have it signed by you and your mother in front of a public notary.

You can find a public notary at every branch bank in the United States.

Can a power of attorney be written by a Title company?

I actually have 2 questions

1. Can a power of attorney be written up by a title company when a peice of real estate is sold. And does that mean that the power of attorney can be used for all other aspects of an estate.

2. Can this power of attorney be signed without my mother's approval?

Is a daughter as power of attorney for her father responsible for filing his federal tax returns?

The father is responsible for filing the return. One of the reasons someone appoints a power of attorney is to take care of such things.

I have power of attorney over my parents estate and my sister is trying to get them to quit claim there property to her. Is this legal?

Your parents own the property. What they do with it is up to them. Your power of attorney doesn't stop them from doing what they wish, or what they are convinced to do by someone else.

You do not want to be your brothers power of attorney anymore?

If your brother is competent, you can resign as his attorney-in-fact by giving notice to him.

Trending Questions
Oklahoma Living Will? If a person write a letter saying they give you power of attorney is it power of attorney? Does a Power of attorney have the right to speak for a resident from the time the Power of attorney is designated? How do you get power of attorney when a person becomes senile if you already have a living trust declaring you will have the default power of attorney if the person becomes incapable? Can a poa give away money to other people that is for the person they are taking care of? How do you sign when you have power of attorney in California? Do you need an attorney for a Power of Attorney form in Canada? What is the correct way to sign power of attorney in Louisiana? Does a spouse or someone with power of attorney have access to an incorporated bank account? Do all family members need to agree for one family member to get power of attorney of an aging parent? How long does power of attorney last in Michigan? How do you revoke a power of attorney that is forged? Do all agents and successor agents need to sign and notarize a power of attorney in New York? Can someone with powers of attorney sign another power of attorney on behalf of the person the original power of attorney is for after they have died? How do you stop being someones POA? Your brother was awarded power of attorney of your dads estate He refuses to discuss any financial issues with your sister and you what is the money being spent on can we see bank statements? What if you don't want to be a power of attorney? How do you remove yourself as a Power of Attorney? How can you get power of attorney over a parent who is already incapacitate? Can a person have a power of attorney if they have been in trouble with the law?