Ask Experts Questions for FREE Help !
Ask
    andrew gorostiza's Avatar
    andrew gorostiza Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 15, 2008, 07:03 PM
    Bank power of attorney
    Do I need to have a good credit to handle a friend's bank account through a bank P O A?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Feb 15, 2008, 08:23 PM
    A power of attorney is only the right to sign for a person in either a general or a limited manner.

    You can be the worst criminal serving time in prison and still be given a power of attorney. You can be filing bankrutpcy, owe everyone in town.
    Now I would not want someone who is not trust worthy to have ability to write checks from my account. But there is no restrictions, only they be someone you officially appointin writing.

    And you are not handling, you are signing and writing checks on their behalf. Our friend would still have full control of his account but you would be able to act on his behalf.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Power of Attorney [ 1 Answers ]

I have a question about the Power of Attorney Law in Pennsylvania. Is there a difference when two people are names as Power of Attorney for someone, if the wording is "AND" or "AND OR"? What does the different mean? If it POA says "AND" and one named POA does things without the...

Power of attorney [ 3 Answers ]

If I'm the power of attorney for my mother due to her illness can I file bankruptcy for her under my social security number for her.

Power of Attorney [ 2 Answers ]

If you have issued a power of attorney in the past, is there a time this expires? How do you revoke a power of attorney if you do not know if it is still in effect?

Power of Attorney? [ 2 Answers ]

I will most likely not be present when we close on our house. I want to handwrite a power of attorney and get it notarized. Will this be sufficient? Here is an example of what I will write: To Whom It May Concern: I, insert name, born on insert date with social security number insert...

View more questions Search