Powers Of Attorney

Both Maryland and Virginia have new laws governing powers of attorney. We’ll focus on Maryland because most of our clients are Marylanders. The law took effect on October 1, 2011. The law clearly says that old documents remain in effect. However, new ones will require 2 witnesses and notarization. The law creates several suggested forms. In our opinion, the best thing about the law is that it requires institutions to accept the power of attorney, regardless of its age. Until now, many institutions had rejected documents that were as fresh as one year old!

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