What does a Power of Attorney allow me to do?
Full Question:
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.