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JDPriestly

(57,936 posts)
7. It says that Dennis M. Myers is Romney's attorney in fact
Sun Jul 15, 2012, 10:45 PM
Jul 2012

meaning that Romney had legally designated Myers to sign Romney's name in Romney's place. Normally, you can't claim to be an attorney in fact unless you have certain written authorization.

Attorneys in fact are often engaged for the purpose of conducting financial business when the owner will not be available for a period of time. This may involve the authority to manage property, make investments, or execute documents on behalf of a person or an organization. Typically, the agreement between the individual and the attorney in fact will set specific parameters on what the scope of authority that is being granted.

For example, the attorney in fact may be granted access to bank accounts for the purpose of paying monthly bills or managing an investment portfolio without having to consult anyone on how the cited affairs will be conducted. It is not unusual for an attorney in fact to function with both a start date and an ending date to the authority. In some cases, there will not be an ending date specified, but it is always understood that the originator of the agreement has the ability to revoke the authority at any time.

http://www.wisegeek.com/what-is-an-attorney-in-fact.htm

Google is our friend. Find the legal code for your state on line and search for the term. There are other words used for the same thing in some cases.

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