In last week’s blog post I started talking about the different types of powers of attorney. While it is important to have a power of attorney in place it is equally important to understand what it covers – what powers it confers upon the agent.
In my blog post this week I want to talk about the different types of powers of attorney and the confusion people sometimes have concerning what exactly each document allows them to do. Although different people may choose to use different names, I prefer to categorize the ability each
In this week’s post we continue with the topic of power of attorney and specifically how to handle resistance from banks and financial institutions. Last week I outlined the scenarios in which a bank can refuse to honor a power of attorney. New Jersey law says that a banking
Last week’s post again addressed the use of powers of attorney and specifically the problem of encountering resistance by a financial institution. As I explained, many financial institutions prefer that customers sign their own form of power of attorney and do so in front of one of their employees.
I have written several posts over the years on the importance of powers of attorney and the problems many people encounter when trying to use them. It seems that as time has passed the problems have only increased in frequency. Just this past week we received two
We rarely use springing powers of attorney in our office. A recent case with a client who has one reminds me why. George’s son, Jim came to us because his dad is in a nursing home. He will need to stay there on a long term basis. George has