November 22, 2017

House Bill 1429 Amends PA Power of Attorney Law

In early July, Pennsylvania governor Tom Corbett signed House Bill 1429 into law (Act 95 of 2014). Negotiations by various parties including banks, and the Pennsylvania Elder Law bar, had been underway for the last three years.

While many people perceive legal documents such as a power of attorney to be strictly “boilerplate”, House Bill 1429 clearly displays the legislature’s intent to have POA documents drafted with designated purpose behind the provisions that the principal wishes to bestow upon an agent.

For more specific information on HB 1429, visit http://www.martindale.com/banking-financial-services/article_Weltman-Weinberg-Reis-Co-LPA_2173332.htm

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