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If One Is Given Financial Power Of Attorney In Somebody's Will, Is It Possible To Diminish It?

If One Is Given Financial Power Of Attorney In Somebody's Will, Is It Possible To Diminish It?

Postby illias » Sun Dec 22, 2013 1:26 pm

If you happen to be incorporated with somebody's will as acquiring economic energy of lawyer is it achievable to refuse this, and is it possible to refuse following the decedant has died?
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If One Is Granted Financial Power Of Attorney In Somebody's Will, Is It Possible To Decline It?

Postby calin » Tue Dec 31, 2013 9:51 pm

newbie138524, regarding your answer "Yes":you don't really have to refuse. Just don't act pursuant to the power.
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If One Is Granted Financial Power Of Attorney In Somebody's Will, Is It Possible To Decline It?

Postby Osbert » Wed Jan 15, 2014 11:10 am

EddieNygma, regarding your answer "You can not refuse, but you can transfer energy of attorney to a person else":The only way an individual can act as a substitute attorney in fact is if the grantor particularly named that particular person to act. The original holder of the power can not assign it on his personal.
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If One Is Granted Financial Power Of Attorney In Somebody's Will, Is It Possible To Decline It?

Postby Aubrey » Mon Jan 20, 2014 8:10 am

It would be odd for one person to grant power-of-attorney to someone who didn't want it, but once someone has power of attorney, they also have the power to transfer that power to someone else. For example, a man grants power-of-attorney to his wife in his will. She feels unable to act reasonably because of the grief she is suffering. She may then transfer the power-of-attorney to a third party.The following is true for New York, but may also be true elsewhere: As of January 1997, the statutory short-form Power of Attorney provides space to appoint an alternate or substitute Agent. A substitute Agent can act if the first Agent is unable or unwilling to act for you. It is generally a good idea to appoint a substitute Agent.
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If One Is Granted Financial Power Of Attorney In Somebody's Will, Is It Possible To Decline It?

Postby Blainey » Fri Feb 07, 2014 11:37 am

You can't refuse, but you can transfer power of attorney to someone else It would be odd for one person to grant power-of-attorney to someone who didn't want it, but once someone has power of attorney, they also have the power to transfer that power to someone else. For example, a man grants power-of-attorney to his wife in his will. She feels unable to act reasonably because of the grief she is suffering. She may then transfer the power-of-attorney to a third party.The following is true for New York, but may also be true elsewhere: As of January 1997, the statutory short-form Power of Attorney provides space to appoint an alternate or substitute Agent. A substitute Agent can act if the first Agent is unable or unwilling to act for you. It is generally a good idea to appoint a substitute Agent. Sources: http://www.oag.state.ny.us/seniors/pwrat.html EddieNygma 84 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.
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If One Is Granted Financial Power Of Attorney In Somebody's Will, Is It Possible To Decline It?

Postby mate » Sat Feb 08, 2014 3:56 pm

Dirtlawyer said: 2 newbie138524, regarding your answer "Yes":you don't really have to refuse. Just don't act pursuant to the power. 84 months ago
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