[NJ] Will banks accept a durable financial POA, and what is the difference between online forms and attorney-drafted POAs?

NJ Estate Planning

Richard

76,546 satisfied customers

View context

Solved

A durable financial power of attorney (POA) is generally accepted by banks, including credit unions, as long as it meets the legal requirements of your state. It's important to ensure that the document is properly executed and notarized.

Regarding the difference between obtaining a POA form from eForms versus having an attorney draft it, the main distinction lies in customization and legal advice. An attorney can tailor the document to your father's specific needs and provide legal guidance, while eForms offers a more generic template that you fill out yourself.

New Jersey Durable (Financial) Power of Attorney Form

Create Document

Full Conversation

I am trying to assist my father with his transactions. His bank, Credit Union of NJ, asked for a POA. I selected the durable financial power of attorney. Will the bank accept this, and what is the difference between getting the POA form from eForms vs. an attorney drafting it?

Lexi, Chatbot

I understand that navigating financial matters for your father can be challenging. Have you already obtained the durable financial power of attorney form, or are you still in the process of selecting one?

I selected one from this site.

Lexi, Chatbot

Is your father currently facing any specific health issues or concerns that might affect his ability to manage his finances?

He is currently in a rehabilitation center, and he is older. He will be discharged later, but he needs me to handle his transactions.

Richard

Hello. My name is Richard and I have been a licensed attorney for over 25 years and hope to be of assistance. I understand you're trying to assist your father with his transactions and have selected a durable financial power of attorney. Could you tell me more about any specific steps you've considered regarding this situation?

Basically handling his transactions, including financial, DMV, etc.—basically everything except medical.

Richard

Thanks.

Richard

You're welcome! If you have any more questions or need further assistance in the future, feel free to reach out. I'm here to help. Have a great day!

Richard

76,546 satisfied customers

Welcome! Have a similar question?

By messaging AskALawyer, you agree to our Terms and Privacy Policy.

Richard

4.26 (76,546)

[NY] How can I challenge an acting power of attorney agent and seek appointment of a new one if I am not the principal?

Answered 34 minutes ago

Lori

Attorney

4.83 (25,625)

[AZ] How do I establish myself as a successor in interest with a mortgage company so I can sell my deceased aunt’s home?

Answered 3 hours ago

Barrister

Lawyer/Landlord/Realtor

4.78 (66,544)

[SC] Can you create a land trust to keep property ownership private, and what are the legal limits?

Answered 3 hours ago

Disclaimer

By messaging AskaLawyer.com, you agree to our Terms and have read our Privacy Policy.

The information provided on AskaLawyer.com is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and timeliness of the information presented, we make no guarantees regarding its completeness or applicability to your specific circumstances.

Use of this website does not create an attorney-client relationship between you and AskaLawyer.com or any of its attorneys. Communications through this website, including any responses from attorneys, are not privileged or confidential. For advice tailored to your individual situation, we recommend consulting a licensed attorney in your jurisdiction.

AskaLawyer.com disclaims any liability for actions taken or not taken based on the content of this site. We are not responsible for any third-party content that may be accessed through this website. Reliance on any information provided herein is solely at your own risk.