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 quoted does typically refer to the power to issue or sign a check, or otherwise make a transaction involving a checking account on behalf of the person making the power of attorney (principal). A power of attorney often grants the agent appointed in the power of attorney the authority to conduct financial transactions on the principal's behalf when the principal is unable to do so herself. Therefore, the power of attorney may grant authority for the agent to draw money out of the principal's checking account, sign checks received by the principal on the reverse side (endorse) for payment, and write checks that are paid from the principal's account, etc. Because of the broad powers that may be granted in a power of attorney, only a trusted individual should be appointed as agent.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
