Does a POA need to be added to the signature card or just have the POA in the customer file?
I am seeking your advice regarding an account we are preparing to open for a legal entity which is represented by an individual given power of attorney.
The potential customer is a business registered with the Secretary of State, making them a legal entity who has given power of authority to a person that is not affiliated to the business. This person has come to open a business account in the company's name. The directors are from India and according to their Articles of Incorporation show the business located locally. Our question is, can an individual who is given power of attorney on behalf of a legal entity open an account for the business?
Can a POA add beneficiaries on an account?
Can you have POA for a person whose account is in a trust?
My friend who's currently incarcerated sent me to pick up her final paycheck from the Goodwill. After receiving the check, she sent me a letter
giving me full permission to deposit and cash the check and spend the money as I see fit. With her behind bars, I can't have her sign the check over to
me. She told me to do it myself over the phone but I was just wondering if the letter she sent me would be sufficient for me to legally cash it.
If a person selected her Durable POA which currently is included on all accounts as a Beneficiary, would it be okay to accept the POA and allow that person to be listed as POA and Beneficiary?
If a wife has POA for her husband can she add herself as authorized signer and add herself as the pay-on-death beneficiary?
Our customer has appointed her daughter as her attorney-in-fact. Can the daughter set up Internet banking on her mom's account? The daughter/AIF is not listed as a joint owner of the account, and was appointed AIF after the account was open.
Does a POA have the authority to change the address on the customers account?
How should POA revocations be handled? We recently had a successor attorney-in-fact come into a branch, however we had no knowledge the POA had even been assigned. The individual indicated the original attorney-in-fact wanted to resign. We did not process this request but would like guidance on how to best document such a resignation.