Can the principal of a durable power of attorney form still do banking transactions even if the form has been filed with the bank if nothing is specified on the form to this effect or can only the attorney in fact handle financial issues?
Asked on 7/10/10, 6:32 pm
1 Answer from Attorneys
Neil Rubin
Neil S. Rubin, Attorney at Law, LLC
The principal is still allowed to do everything this person could do before the power-of-attorney was executed. A power-of-attorney gives someone else authorization to act, but it does not replace the powers of the principal.
Answered on 7/11/10, 7:27 pm
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