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#363838 - 05/25/05 08:32 PM Convenience Signer
Anonymous
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I was reading in past threads and saw the word convenience signer--no clue what this means? Help please.

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#363839 - 05/25/05 08:41 PM Re: Convenience Signer
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
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The person is also referred to as an "agent" or "authorized signer" depending on state law or contract language. In essence, the person can sign on the account, but has no ownership interest in the funds or survivorship interest if the owner dies. It's analagous to a power of attorney over a particular account at a particular bank.
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