Source: https://www.powerofattorneylawyerinnj.com/blog/
Timestamp: 2018-03-23 22:21:07
Document Index: 293107825

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Posted by Editor on Mar 16, 2018 in Power of Attorney Lawyer in NJ | Comments Off on When Can A Bank Refuse To Accept A Power Of Attorney (Part 4)
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer Parts 1, 2 and 3 of this series addressed the topic of when a bank can refuse to accept a Power of Attorney. The final part of this series will continue this discussion and dive further into the statutes in New Jersey. Of course, the bank has every right to seek proof that the agent is, in fact, the person, he or she says that they are and can demand forms of identification. If the bank rejects the Power of Attorney, the institution is...
Posted by Editor on Mar 16, 2018 in Power of Attorney Lawyer in NJ | Comments Off on When Can A Bank Refuse To Accept A Power Of Attorney (Part 3)
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer Part 1 and Part 2 of this series addressed the topic of when a bank can refuse to accept a Power of Attorney. Part 3 will continue this discussion. Another basis for the bank to reject the Power of Attorney is if it is more than ten (10) years old and is being used for the first time. I have had several situations where clients have presented Powers of Attorney over ten (10) years old and which have never been used and are surprised to learn...
Posted by Editor on Mar 16, 2018 in Power of Attorney Lawyer in NJ | Comments Off on When Can A Bank Refuse To Accept A Power Of Attorney (Part 2)
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer In Part 1 of this series I touched briefly on some key points and questions surrounding the use of a Power of Attorney. Under N.J.S.A. 46:2(b)-13 issues involving Powers of Attorney are codified, meaning made into law. The law specifically says that a banking institution shall accept and shall rely on a Power of Attorney which conforms to the law and must permit the agent to act and exercise the authority set forth in the document. However,...
Posted by Editor on Mar 14, 2018 in Power of Attorney Lawyer in NJ | Comments Off on When Can A Bank Refuse To Accept A Power Of Attorney (Part 1)
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer Nothing is more frustrating than having the bank refuse to accept a Power of Attorney especially when the holder of the power is acting on behalf of an aging or incapacitated adult, a family member, loved one or friend. At one level it is understandable that banks are afraid of fraud and the wrongful abuse of legal documents especially as powerful as a Power of Attorney but not everybody is a crook and most people use the Powers of Attorney...
Posted by Editor on Oct 6, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Medicaid Asset Protection Planning Prevented if the Power of Attorney Does Not Authorize it
Posted by Editor on Oct 4, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Power of Attorney Naming Multiple Parties as Agents May (WILL!) Present Problems
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer Clients often ask me to prepare a Power of Attorney. Often they have two or more children and ask if they should name both (or none) of them as attorney-in-fact. Most of the time the clients assume then children will jointly agree to make all decisions about everything together. But that’s when the clients thinking seems to stop. A dual agent power of attorney can and generally requires each agent to agree in order to act. The easier (and I...
Posted by Editor on Aug 16, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Mother May Qualify for Medicaid Despite the Transfer of her Assets and Resources to her Disabled Son
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Special Needs Trust & N.J. Medicaid Attorney I met recently with a family where the mother will apply for Medicaid soon. She is 81 years old and is having difficulty getting around, and will need a nursing home level of care. She wants to transfer $180,000 in stock, which is her only asset, her son but the question is whether she will still qualify for benefits if she does this? The son is 54, disabled and lives in a group home. While I generally request more...
Posted by Editor on Aug 2, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Alzheimer’s Disease Does not Automatically Prevent Signing of Legal Documents
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Alzheimer’s Asset Protection Attorney What happens when you’re told your husband has early onset Alzheimer’s Disease or any other degenerative cognitive diagnosis, especially when he has mostly good days and understands everything? While you may not appreciate what I’m about to say let me assure you, your trust and estate planning document(s) will now need substantial revision. But, can your spouse sign a new last will, power or attorney and trust with this diagnosis?...
Posted by Editor on Jul 24, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Is an Ex-Felon Criminal Automatically Disqualified from Being a Person’s Guardian or Power of Attorney?
Posted by Editor on May 17, 2017 in Power of Attorney Lawyer in NJ | Comments Off on Who can Act as A Witness to a Power of Attorney?
By Fredrick P. Niemann, Esq. of Hanlon Niemann & Wright, a Freehold, NJ Power of Attorney Lawyer To be a lawful witness of a legal document in New Jersey a person must be over the age of 18, be of sound mind meaning not having a mental disability or prior determination of incompetence, be able to understand that they are witnessing the signature of a binding, legal document and serve as a witness voluntarily, (e.g., not being unduly pressured to witness the document). In addition, the witness cannot be the signor of the document or be the...