Question

Which of the following are requirements for a valid power of attorney to be accepted and used in conjunction with the offering of financial products in an H&R Block office?
A.) The Power of Attorney must include the name of the Principal and Agent.
B.) Proper identification must be obtained for the Principal and Agent.
C.) Both the Principal and Agent must be the legal age of majority.
D.) The Power of Attorney must meet the requirements of state law where written.
E.) All of the above.

Answer 1

Answer: E.) All of the above.

Explanation:

For the power of Attorney to be valid it needs to include certain things such as the names of both the Principal and the Agent who is to obtain the power. Both the principal and the agent must be properly identified as well.

They should also both be of a legal age of majority in the state where the agreement is being written. Finally, the Power of Attorney must not break any State law as relates to it in the state it was drafted.