OREGON.
If I have, say, a durable POA from you (and it's current, valid, etc) and I have some concerns about whether I will be present and capable of acting on your behalf in the POA role when needed, if I create a durable POA for a third person to act on my behalf, can they then use the two POA's together to do whatever your POA you gave me entitled me to do?
Seems logical to me that if I authorize a third person to act legally as if they were me and had all the "signing" and other rights that I have that that would include the power to use the POA that I hold as if they were me. However, I'm well aware that what seems logical to me isn't always the way the law works.
Then there's the practial question: IF my interpretation of this (what I'll call here "cascaded POAs") is right, then what's the chance that a bank would honor them in the manner I picture?
If I have, say, a durable POA from you (and it's current, valid, etc) and I have some concerns about whether I will be present and capable of acting on your behalf in the POA role when needed, if I create a durable POA for a third person to act on my behalf, can they then use the two POA's together to do whatever your POA you gave me entitled me to do?
Seems logical to me that if I authorize a third person to act legally as if they were me and had all the "signing" and other rights that I have that that would include the power to use the POA that I hold as if they were me. However, I'm well aware that what seems logical to me isn't always the way the law works.
Then there's the practial question: IF my interpretation of this (what I'll call here "cascaded POAs") is right, then what's the chance that a bank would honor them in the manner I picture?
