Guam Complaint for Rescission of Power of Attorney Obtained by Fraud

State:
Multi-State
Control #:
US-03360BG
Format:
Word; 
Rich Text
Instant download

Description

If a persons signature is obtained by fraud, the contract may be held wholly void. The same rule applies to getting someone to sign a power of attorney by fraudulent representations.

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FAQ

A power of attorney is a legal documented created by one person (principle) to give a family member or friend (attorney-in-fact) legal power to act on behalf of the principle. For example, complete tasks on behalf of the principle, including cash checks, receive bank statement, and apply for public benefits.

A power of attorney allows you to choose who will act for you and defines his or her authority and its limits, if any. In some instances, greater security against having a guardianship imposed on you may be achieved by you also creating a revocable living trust.

Financial POAs can be divided up into several different categories. These are the general power POA, limited power POA, and durable POA.

The broadest POA is a general POA. This type of POA gives the agent unlimited power to act on the principal's behalf for all matters. Why would anyone give someone else such powers? A common example is when an active?duty military member is deployed for six months or longer.

All members of the Guam Bar are admitted through a bar examination process, which generally includes the Multistate Professional Responsibility Examination (MPRE), Multistate Bar Examination (MBE), essays and character examination.

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Guam Complaint for Rescission of Power of Attorney Obtained by Fraud