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A power of attorney is a legal document that allows a person to
make legal or/and financial decisions for the signer. It's not hard to
get a power of attorney: you can print the forms directly from the
Internet, fill them out and then go to a public notary with the person
you are going to represent to sing them and make them legal.
Holding a power of attorney doesn't mean that the signer has no
authority and you have to make all the decisions for him. It just
means that when necessary you can act in his name and make a
transaction.
While acting as a legal agent you will be put in the situation
where you have to sign different documents, like checks or contracts.
These documents must be properly signed and though there isn't a
specific rule, the following example of signature is best to be used:
"John Doe by Jane Doe, as his Attorney in Fact", where John Doe stands
for the attorney.
Before you start signing any documents make sure your power of
attorney enables you to do so. There are cases where is specifically
stated that the attorney can only close deals but is not allowed to
sign the paperwork himself. Though these cases are seldom, you should
still check first. Also, every time you have to sign a document make
sure to have your power of attorney with you to make proof that you
are allowed to do that.
If you sign checks then you can use the standard formula stated
above, but when you have to sign contracts you can use a formula, a
little bit different: "John Doe, as Attorney in Fact for Jane Doe",
where John Doe is the attorney.
For real estate documents the things are a little bit more
complicated. You have to check with the laws of the state where you
make the transactions, see what signature method they require and sign
accordingly. Different laws may require also a witness or more to
acknowledge the transaction or even a notary. Make sure you check and
respect the laws otherwise you transaction may be considered invalid
or even worse, illegal.
Also, check the laws of the state, if you have to sing leases,
mortages or equity loans.
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