When you're given power of attorney, you have been granted the authority to handle certain financial matters for another person, often a relative or close friend. How you must endorse checks as POA depends on state banking laws. It's a good idea to check with the principal's, the person who gave you POA, bank, brokerage firm or other financial institutions prior to endorsing any checks to ensure you use the preferred method.
Power of Attorney Endorsement
When you're given power of attorney, you're known as the attorney-in-fact or individual's agent. The American Bar Association recommends contacting a lawyer if you receive power of attorney, to make sure you know exactly what you can and cannot do in that capacity. As for check endorsements, the ABA states the agent should sign the name of the individual for whom she is acting on behalf of first, followed by her name as power of attorney, or POA -- or the opposite way around. For example, either endorse a check by signing John Jones, by Mary Jones under POA, or Mary Jones, attorney-in-fact for John Jones.
- Photo Credit IuriiSokolov/iStock/Getty Images
How to Endorse Checks for the Infirmed
Use the words "power of attorney" every time you endorse a check on behalf of your friend or loved one and you...
How to Sign a Bank Check When You Are the Power of Attorney
How to Sign a Bank Check When You Are the Power of Attorney. Power of attorney is a legal instrument whereby you,...
How to Sign as a Power of Attorney
To endorse a check made out to your principal, sign the principal's name on the back of the check. Under that signature,...
How to Check Who Has the Power of Attorney for a Person
Check the power of attorney records at the register or recorder of deeds in the county where the individual who ... How...
Power of Attorney & Social Security
Can I Give Someone a Power of Attorney to Cash My SS Check? A power of attorney is a document granting an...
How to Write Out Checks With a Power of Attorney (POA)
Check the Power of Attorney agreement to ensure you have the right to write checks and process financial transactions ... How to...
What Are the Different Types of Power of Attorneys?
The Power of Attorney can cover simple tasks like writing or endorsing checks. ... The Power of Attorney can cover simple tasks...
Can I Cash My Husband's Check?
Technically, everyone named on a check must endorse it before the check may be cashed. ... if you have financial Power of...