Full question:
Does this Power of Attorney language I commonly see draw, accept, endorse or otherwise deal with any checks or other commercial or mercantile instruments for my benefit have to do with my checking account?
- Category: Power of Attorney
- Date:
- State: Florida
Answer:
The language you mentioned typically gives the agent the authority to manage financial transactions, including those related to a checking account, on behalf of the person granting the power of attorney (the principal). This means the agent can withdraw funds from the principal's checking account, endorse checks received by the principal, and write checks that will be paid from the principal's account. Because a power of attorney can grant broad powers, it is crucial to appoint a trusted individual as the agent.
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