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.
Washington Signature Authorization - Card Authorizing Attorney to Sign Signature of Depositor
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Multi-State
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US-01314BG
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How to fill out Signature Authorization - Card Authorizing Attorney To Sign Signature Of Depositor?
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FAQ
A power of attorney must be lodged at Landgate within three months of signing the document. If you do not lodge the power of attorney within three months, the lodgement process becomes more complex and there can be extra delay and expense in dealing with your property.
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.
In Washington, you'll need your document signed by a notary public or two witnesses. Each state has its own POA requirements. Here's what to know about the POA types in Washington and how to get one.
The general power of attorney is effective until you terminate or revoke it, you become incapacitated, or you die. You can also specify that it will expire after a certain date. In contrast, a power of attorney that is durable allows your attorney-in-fact to act on your behalf even if you become incapacitated.
