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Compass
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A Hidden Hazard of Plan Administration: The Mishandled Power of Attorney
Findley Sept. 24, 2018 "After determining the governing state law and the date of the POA, the plan administrator needs to determine if the state law's requirement for a valid POA have been met. These requirements may include, for example, notarization or witnesses.... Even where notarization is not required, a notarization of the POA should be reviewed to determine its validity, as the POA was apparently intended to be notarized. Once the POA's form has been determined to be valid, the more difficult task comes with determining if the agent's act is authorized by the POA." |
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