Special Military Power Attorney With Withdraw From Bank Account

State:
Multi-State
Control #:
US-MIL-POA9
Format:
Word; 
PDF; 
Rich Text
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Description

The Special Military Power Attorney with withdraw from bank account form allows military personnel to grant authority to a designated individual for various legal actions, specifically related to the processing of their military status and accessing their bank accounts. This form is particularly beneficial for individuals who may be deployed or otherwise unable to manage their affairs personally. Key features of the form include its exemption from state-specific regulations, ensuring it has the same legal effect as standard powers of attorney. Users must accurately fill in specific information, such as the names and addresses of both the grantor and the attorney-in-fact, and specify the duration of the power of attorney, which can extend under certain conditions like the missing status of the military personnel. It is crucial to follow the notarization requirements outlined in the document to ensure its validity. This form is essential for attorneys, paralegals, and legal assistants, as it simplifies the legal process for military clients needing quick and effective management of their affairs during their absence. Moreover, understanding this form allows legal professionals to provide informed guidance for military personnel and ensure that their rights and interests are adequately protected.
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FAQ

A power of attorney for banking transactions is a POA that allows a trusted agent to deal with your bank account(s) on your behalf. If you want to set up a power of attorney in a way that allows someone to make bank transactions in your stead, your POA has to specifically state that.

Durable: A durable power of attorney also usually takes effect when signed and lasts until it expires, until it is revoked or until either party dies. However, a durable power of attorney contains special language that continues the representative's powers even if the grantor is incapacitated.

If you need help, contact our Client Service Center at (800) 392-5749 or submit your question by Secure Message on chase.com. Establish power of attorney on a brokerage account. Along with this form, you will also need to submit a durable Power of Attorney agreement.

Both Chase and Bank of America will accept limited powers of attorney (for a specific real estate transaction, for instance), but not ones that have an expiration date. There is an exception to this rule for military personnel.

Where or how can I send my documents? Document upload is available online using the chase.com Secure Message Center. To keep your request moving forward, you can also fax your documents to us at 1-866-282-5682.

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Special Military Power Attorney With Withdraw From Bank Account