Can a person acting as attorney-in-fact legal for someone (i.e., has power of attorney) take payment for services rendered?
Full Question:
Can a person acting as attorney-in-fact legal for someone (i.e., has power of attorney) take payment for services rendered?
07/08/2007 |
Category: Power of Attorney |
State: Washington |
#7009
Answer:
A power of attorney is an instrument containing an authorization for one to act as the agent of the principal that terminates at some point in the future either by its terms or by operation of law such as death of the principal or agent. They are also called letters of attorney. The person appointed is usually called an Attorney-in-Fact. The person making the power of attorney appointment is called the principal. A power of attorney can be either general, durable or limited.
Generally, a power of attorney must be complied with unless the person to whom it is directed has reasonable cause to doubt the authority of the agent. In some cases, a specific power of attorney addressing the authority of the agent in a particular transaction may be required.