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DO BANKS, INSURANCE COMPANIES AND OTHERS HAVE TO HONOR A POWER OF ATTORNEY?

April 26, 2017Banks companies honor Insurance power of attorney

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DO BANKS, INSURANCE COMPANIES AND OTHERS HAVE TO HONOR A POWER OF ATTORNEY?

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Yes, but you must be mentally competent and sign of your own free will. Financial institutions may question power of attorney forms, especially those that are prepared while their customer is in a hospital or nursing home. You should talk with a representative about any special requirements that the institution may have.