Challenges with Power of Attorney Documents
Reasons for Rejection by Financial Institutions
The Importance of State-Specific Language and Requirements
The Risk of Relying on Internet-Downloaded Forms
Legal Implications and Court Cases
The Pennsylvania Supreme Court Decision
Ensuring Validity of Power of Attorney Documents
The Role of Third Parties in POA Verification
Ensuring Your Power of Attorney is Accepted
Combining Personal and Financial Institution POA Forms
Addressing Doubts and Validity Concerns
However, it includes the ability for a bank or other institution or person to request an agent’s certification or get an affidavit to ensure that the agent is acting with proper authority.
It may be better to have both a POA from a person and one that uses the bank or financial institution’s own form. It’s not required by law, but the person from the bank may be far more comfortable accepting both forms, because they know one has been through their legal department and won’t create a problem for the bank or for them as an employee.
When to Fight a Rejected Power of Attorney
Seeking Professional Guidance
Working with an Estate Planning or Elder Law Attorney
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