<<<She needs this power of attorney to handle small financial issues.>>>
I am finding more and more that financial institutions want their own specific POA forms notarized and are rejecting even attorney drawn POAs. Whatever financial institution the aunt does business with, the niece needs to find out from THEM what they require, as far as POAs go. Recently, I notarized signatures on bank specific POA's at a hospital for a patient and his wife because - according to the wife - the bank rejected their attorney drawn POA because the bank's legal department was not satisfied with its wording. Therefore, she had to have bank specific POAs. Needless to say, she was quite angry at the bank because she and hubby had their attorney take care of all of that (POA's, trusts, healthcare directives, wills, etc.) years ago and the bank was now telling her that the attorney drawn POA was useless to THEM. She wanted her signatures notarized too, on everything, even though the forms only called for the husband's signature to be notarized. She said she was not taking any chances because the bank already put her through too much over this. These two banks she's dealing with are two that everyone knows.
Other Notaries may have different experiences, but this has been my recent (last 3 months) experience notarizing POA's - the financial institution legal departments are not just rejecting generic, office supply store package Durable POA's but attorney drawn POAs too. They seem to only accept theirs, these days. |
