Power of Attorney: Now That the Law Has Changed. . .
Our Pennsylvania Legislature changed the law concerning the Power of Attorney (POA) without much fanfare. The rules about accepting or rejecting an agent’s actions (we no longer refer to them as the Attorney-in-Fact) under the authority of the Power of Attorney have changed dramatically. Even some of the basic definitions of words we have used have changed, and some definitions have been completely deleted. If you need to use your power of attorney document, or if you are appointed as the agent on someone’s power of attorney document, you need to be aware of these changes.
Banks are now routinely asking […]