Scott A. Selis - Elderlaw Attorney
If you’ve ever been frustrated by an organization’s refusal to honor a Durable Power of Attorney, you’re not alone. A power of attorney allows an individual to select another person or people to handle their financial affairs.
However, many financial institutions frequently refuse to honor a properly signed and witnesses power of attorney. When Bank of America refused to honor a request to withdraw funds from an account, the person making the request sued and won $64,000.00.
Most people don’t realize that Florida law allows an agent to sue any institution that refuses to recognize a power of attorney for damages, costs and attorney fees. So, if a financial institution has refused to honor a power of attorney that has been properly signed and witnessed, then you should consult with a lawyer to find out what you can do to enforce your rights.
Scott A. Selis, Esq.
570 Memorial Circle
Suite 200
Ormond Beach, FL 32174
386-868-5337
866-437-3223 (fax)
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