Power of Attorney
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What is Power of Attorney?
A Power of Attorney (POA) is a legal document that authorizes someone you trust, known as the agent, to manage your financial affairs on your behalf. Whether you’re planning for the future or need immediate assistance, our team is here to guide you through the process of establishing a POA.
Establishing a Power of Attorney with Us
- How to Grant Power of Attorney on your accounts: To establish a Power of Attorney (POA) at First Entertainment, you will need to provide a copy of the notarized POA document. Once we review and verify the document, we will provide you with next steps.
- Setting Account Permissions: After verification, your agent will have access to your accounts as specified in the POA document.
Managing POA Accounts
- Authorized Actions: Your agent can maintain your accounts and perform transactions on your behalf, within the scope of the Power of Attorney.
- Revoking POA Rights:
As indicated in your Power of Attorney document, you may revoke your Power of Attorney at any time by notifying us in writing. It will also automatically become invalid in specific situations, such as in the event of your passing. For further clarification, you may consult your legal counsel.
Ready to get started?
Schedule an appointment to update your account with a Power of Attorney or to ask us any questions.
FAQs
Generally, no, but the agent may be able to do so depending on the power granted through the Power of Attorney document presented. Please seek legal advice regarding the specific powers that your Power of Attorney provides.
This will depend on the specific powers granted by your document; we recommend seeking legal advice for additional clarification.
Yes, this is very important, as we will need to remove the Power of Attorney from the account so the agent can no longer conduct transactions.
This will depend on the specific powers granted by your document; we recommend seeking legal advice for additional clarification.
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Disclosures
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The information provided on this webpage is intended for general informational purposes only and should not be construed as legal advice. While we strive to provide accurate and helpful information, the processes and requirements for establishing a Power of Attorney can vary depending on individual circumstances and state laws. Please note that the documents submitted for these processes will be reviewed and, depending on the specifics of your situation, could be rejected if they do not meet legal or regulatory requirements. We strongly recommend consulting with a qualified legal professional to address your specific situation and ensure that all legal obligations are met. First Entertainment CU staff is here to assist you with the administrative aspects, but we cannot provide legal counsel or advice .