If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or the name of the signer, the represented person is bound by the signature to the same extent the represented person would be bound if the signature were on a simple contract. If the represented person is bound, the signature of the representative is the authorized signature of the represented person, and the represented person is liable on the instrument, whether or not identified in the instrument.
Ohio Signature Authorization - Card Authorizing Attorney to Sign Signature of Depositor
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Multi-State
Control #:
US-01314BG
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Word;
Rich Text
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How to fill out Signature Authorization - Card Authorizing Attorney To Sign Signature Of Depositor?
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FAQ
No, only the seller must appear before the notary public if notarizing ?assignment of ownership? portion on the back of the title. This section must be complete including purchase price, buyer's name/address, date of transfer and current mileage.
We recommend having a durable power of attorney for health care (aka an Advance Health Care Directive), a durable financial power of attorney, and a revocable living trust to ensure optimal management of your health as well as your assets. If you are not sure what you need, try taking our estate planning quiz.
While you aren't financial liable, as the attorney-in-fact, you're still the point of contact for the principal's debts. Creditors have a right to attempt to collect the funds that are owed. They don't, however, have a right to harass you.
The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.
A Power of Attorney Could Leave You Vulnerable to Abuse Often, this does not happen ? at least not unless or until abuse of power becomes egregious. Because of the potential that an agent could take advantage of you or steal from you, it is very important that you select the right person to act as your agent.
It must be dated, signed by the principal at the end of the document, either signed by two witnesses or notarized, and include a specified statement regarding who can be an attorney in fact.
