Attorney In Fact

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Dictionary Says

Definition of 'Attorney In Fact'

A person who is authorized to perform business-related transactions on behalf of someone else (the principal). In order to become someone's attorney in fact, a person must have the principal sign a power of attorney document. This document designates the person as an agent, allowing him or her to perform actions on the principal's behalf.
Investopedia Says

Investopedia explains 'Attorney In Fact'

The extent of the power of attorney document determines the amount of responsibility that the attorney in fact possesses. Attorneys in fact operate under general power of attorneys, meaning that they are not restricted and can represent their principals in any transaction. In the case of a special power of attorney, the attorney in fact has restricted powers and can represent the principal in specific situations.
Search results for

'Attorney In Fact'

  • Advanced Estate Planning: Durable Power Of Attorney For Finances ...

    http://www.investopedia.com/university/estate-planning-guide/estate-planning4.asp
    ... these affairs for you. In most states, this person is known as your agent
    or attorney-in-fact. The wording between “durable” and ...

  • 4 Legal Documents You Should Have In The Wake Of September 11 ...

    http://financialedge.investopedia.com/financial-edge/0911/4-Legal-Documents-You-Should-Have-In-The-Wake-of-September-11.aspx
    ... Power of Attorney A durable power of attorney names an "attorney in fact," a person
    who can make non-medical decisions for you if you become incapacitated. ...

  • Three Documents You Shouldn't Do Without

    http://www.investopedia.com/articles/pf/05/050905.asp
    ... Sally. A durable power of attorney lets you arrange for someone you choose,
    called your "attorney-in-fact", to manage your finances. ...

  • Estate Planning For Canadians

    http://www.investopedia.com/articles/retirement/08/estate-planning-canadians-canada.asp
    ... them yourself. It gives this person, designated as your agent or
    attorney-in-fact, the power to handle such day-to-day tasks as: ...

  • Your Will: Why You Need A Power Of Attorney And Beneficiaries

    http://www.investopedia.com/articles/retirement/05/EstateContingencyPlan.asp
    ... will not accept a POA's instructions to change a beneficiary on a retirement account,
    and some will accept the request, provided the attorney in fact is not ...

  • What is estate planning?

    http://www.investopedia.com/ask/answers/08/estate-planning.asp
    ... The person or organization you appoint is referred to as an "attorney-in-fact" or
    "agent." Estate planning is something that should be done when a person is ...

  • If a trust is named as the beneficiary of an IRA, can the trustee ...

    http://www.investopedia.com/ask/answers/06/changebeneficiary.asp
    ... Exceptions may apply if there is an attorney-in-fact, in which a power of attorney
    includes provisions that appoint that agent to act on the IRA owner's behalf ...

  • Advanced Estate Planning: Conclusion | Investopedia

    http://www.investopedia.com/university/estate-planning-guide/estate-planning10.asp
    ... be unable to make those decisions yourself. This person is known as your
    agent or attorney-in-fact. You can make a list of “powers ...

  • Series 63 Study Guide - Registrations of Persons - Introduction ...

    http://www.investopedia.com/exam-guide/series-63/registration-of-persons/default.asp
    ... The legal term is that the Administrator has, by the consent to service of process,
    been appointed as "attorney in fact" to receive legal documents for the ...

  • IRA Assets And Alternative Investments

    http://www.investopedia.com/articles/retirement/06/AlternativeInvestments.asp
    ... Figuring this out usually requires the assistance of a competent tax or ERISA attorney.
    In fact, there are some instances in which exceptions have been granted ...

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