The Wells Fargo Power of Attorney (POA) form is a crucial document used to legally appoint an individual as the attorney-in-fact, or agent, for the account holder’s Allspring Funds accounts. This document outlines the specific powers granted to the agent, including, but not limited to, managing, selling, and conveying personal property on behalf of the principal. However, it is important to note that this authority cannot be designated for custodial, estate, or guardianship accounts. To ensure your financial matters are handled according to your wishes, fill out the Wells Fargo POA form by clicking the button below.
The Wells Fargo Power of Attorney (POA) form is an essential legal document designed to designate an individual as attorney-in-fact, providing them with the ability to manage Allspring Funds account(s) on behalf of the account owner. This comprehensive form outlines clear instructions on its execution, starting with detailed account information, specifying whether the POA is durable or nondurable, and the extent of the attorney-in-fact's powers, including but not limited to the management and transfer of mutual fund shares, changing dividend and distribution options, and dealing with retirement accounts. It expressly states the exclusion of custodial, estate, or guardianship accounts from this designation. The meticulous design of the form ensures that the designated attorney-in-fact can act in the account owner's best interests, facilitating a range of financial transactions with the same authority as the account owner would. Furthermore, it includes vital information and affidavits for both the account owner(s) and the attorney-in-fact, underscoring the importance of understanding the legal implications and responsibilities involved. The document also highlights compliance with relevant laws, including the USA PATRIOT Act requirements for identity verification, and contains provisions for the protection of all parties involved through indemnification clauses, reinforcing the gravity and significance of the POA designation. Executed with a notarized signature, this POA form replaces any previous designations for Allspring Funds account(s), ensuring up-to-date management permissions in alignment with the account owner's current wishes.
Adding a Power of Attorney (POA) to a
Home Equity or Mortgage Account
Apotential attorney-in-fact ("Agent") must complete and submit the following required documentation:
•The Submission Cover Sheet and notarized Affidavit provided on the following pages.
•A certified copy of the POA document. A certified copy must be verified by an official with certification duties (such as a notary public or court official) as a true and correct duplicate of the original.
•A copy of documents verifying the Agent’s Social Security number, which could be:
oSocial Security card or W2
•A copy of documents verifying the Agent’s name, address, and date of birth, which could be:
oDriver’s license
oState ID card
oUS government issued alien ID card.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
© 2022 Wells Fargo Bank. All rights reserved. NMLSR ID 399801 593821 (Rev 05 - 09/22)
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Power of Attorney Submission Cover Sheet
Please complete all sections of the form below and submit it with your Power of Attorney documents. Incomplete submissions may be delayed in processing or may be declined.
(A)Principal Information:
The “Principal” is the Borrower or Accountholder (the person for whom the Agent will be acting).
Today’s Date (mm/dd/yyyy)
Account Number
Principal Name
Principal Street Address
City
State
ZIP Code
Principal Phone Number
Principal Alternate Phone Number
(B)Agent Information: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. You must provide your name, address, date of birth, and other information that will allow us to identify you.
The “Agent” is the person who will be using the Power of Attorney to act on the Principal’s behalf.
Agent Name (First, Middle, Last)
Agent Street Address
Agent Phone Number
Agent Date of Birth (mm/dd/yyyy)
Agent Social Security Number
Are you a U.S. citizen?
Are you a permanent resident
alien?
Yes
No
Relationship to Principal
How long have you known the Principal?
Agent Occupation:
Executive/Professional
Office
Student
Other
Homemaker
Production
Teacher
Labor
Retired
Trade
Military/Diplomat/Government Official Manager
Sales
Unemployed w/ income
Owner
Service
Unemployed w/o income
To help us better understand the nature of the request, please advise specifically what types of requests the Agent will be doing on the Principal’s account and the purpose of the requests going forward: (must check at least one; check all that apply)
Payments Only
Update Account Information
Inquiries
Make Advances (lines of credit only)
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. ©
2022 Wells Fargo Bank. All rights reserved. NMLSR ID 399801
593821 (Rev 05 - 09/22)
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General Awareness
Close Account (lines of credit only)
Obtain Documentation
Other: (please explain)
____________________________________________________________
In an effort to protect the privacy of our borrower, please indicate the need for a Power of Attorney:
(must check at least one; check all that apply)
Principal Overseas
Possible Future Need
Medical Purposes
_________________________________________________________________________________________
Is the Principal incapacitated or otherwise unable to care for his/her financial affairs? An “incapacitated” person may not be able to make or communicate responsible personal decisions; and/or may exhibit an inability to meet his/her own personal needs for medical care, nutrition, clothing, shelter, or safety.
(you must check either yes or no)
You can submit your request by mail or fax to:
Wells Fargo
PO Box 10335
Des Moines, IA 50306
Home Equity
Fax: 1-866-834-7850
Home Mortgage
Fax: 1-866-590-8910
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AFFIDAVIT
I, ________________________________________________ having a mailing address of
_____________________________________________________________________________________________
being duly sworn, hereby make the following statements based upon my personal knowledge:
1.I am the Attorney-in-Fact/Agent/under a power of attorney from ______________________________________
(the Principal), which power of attorney is dated _______________________, ________. (Please insert the date that the original Power of Attorney document was signed by the Principal)
2.As of this date:
•The power of attorney has not been amended, revoked or terminated by the Principal;
•The principal has not died;
•If I am the spouse of the Principal, no action for divorce, annulment or separation has been commenced by me or the Principal;
•A guardian has not been appointed for the Principal.
3.I have examined the legal descriptions(s), if any, attached to the power of attorney and certify that the description(s) have not been changed, replaced, or amended subsequent to the signing of the power of attorney by the Principal.
4.I make this affidavit with the intention that it be relied upon by Wells Fargo Bank, N.A, in connection with a loan or line of credit to the Principal, secured by a mortgage or deed of trust of the Principal’s real estate (the “transaction”).
5.For purposes of the transaction, I understand that Wells Fargo will continue to rely on the representations contained in this affidavit after the loan or the line of credit is opened. I will promptly notify Wells Fargo of any future modification or revocation by the Principal.
6.I certify that I am submitting a true and correct duplicate of the original power of attorney.
7.For Line of Credit Products Only: If I am granted the power to make advances, I certify that any advances I make are only going to be utilized strictly for the benefit of the Principal and/or the collateral. The Bank may suspend the use of the Account and prohibit future advances during the Draw Period for any reason permitted by applicable law and/or the Account documents.
Initials ________
I declare under penalty of perjury that the information I have provided in this Affidavit and Cover Sheet is true and correct. Knowingly submitting false information on this form could subject you to civil and/or criminal prosecution.
Signed this _________day of ________________________, 20_____
_________________________________________ (Signature of Agent)
State of _______________________County of __________________________ Date _______________
This document was acknowledged and sworn to before me by ____________________________________ (Insert
name of the person signing the affidavit). They have presented the original Power of Attorney and I certify that this is a true and correct duplicate.
Signature of Notarial Officer ____________________________________________
Printed Name of Notarial Officer _________________________________________
Commission Expires: _______________
(Place seal of notary in the space below)
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
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When designating an individual as attorney-in-fact for financial matters using the Wells Fargo Power of Attorney (POA) form, individuals often find it necessary to complete or gather additional documentation to ensure a comprehensive approach to their financial planning and legal preparedness. These documents may serve different purposes, such as specifying wishes for medical care or ensuring personal assets are managed according to individual preferences in various circumstances. Understanding each document and its purpose can empower individuals to make informed decisions aligned with their goals.
Each of these documents plays a crucial role in an individual’s comprehensive legal and financial strategy, working in conjunction with the Wells Fargo Power of Attorney form to provide clarity and security for both the individual and their loved ones. Properly preparing these documents can ensure that an individual’s healthcare and financial affairs are handled according to their specific wishes, providing peace of mind in uncertain times.
Military Poa - The document details the extent of powers granted, allowing for customized control over personal and financial matters.
Form 8821 Purpose - Indispensable for those who are not confident in their ability to navigate IRS policies and procedures.
Sjcera - Allows for the appointment of a trusted individual to manage and make decisions about SJCERA retirement benefits.