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.
Indiana 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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Word;
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FAQ
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.
The POA would only sign checks occasionally when needed to assist the account owner - the account owner doesn't want the POA to be a joint owner. Although it may not be necessary, we almost always will create a new signature card with both the account owner and the POA to sign in their respective capacities.
The proper way to sign as an agent is to first sign the principal's full legal name, then write the word "by," and then sign your name. You may also want to show that you are signing as an agent by writing after the signature: Agent, Attorney in Fact, Power of Attorney, or POA.
Sec. 3. (a) Except as provided in subsection (b), an attorney in fact may act under a power of attorney without recording the power of attorney with the county recorder.
After the principal's name, write ?by? and then sign your own name. Under or after the signature line, indicate your status as POA by including any of the following identifiers: ?as POA,? ?as Agent,? ?as Attorney-in-Fact? or ?as Power of Attorney.?
Please note that Indiana law has very specific requirements for a Power of Attorney to be valid. The member's signature must be witnessed and attested to by a Notary Public. The Notary Public must also sign the document along with their printed name and the notarial seal.
If you are signing something formal with the express authority of the intended signee, put 'p. p' before your signature, as it will advise the reader that you are signing on someone else's behalf.
A power of attorney is a legal document that allows someone else to act on your behalf. Powers of attorney (POA) can be helpful to older people and others who want to choose a trusted person to act on their behalf when they cannot.
