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#1532714 - 04/07/11 02:43 PM POA FOR PERSON HOLDING A JOINT ACCOUNT
lpramey67 Offline
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Joined: Aug 2006
Posts: 128
We have a customer who holds a joint account with us. This person also has someone appointed with POA, who is not the joint owner on the account. How would a situation like this best be handled?

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#1532747 - 04/07/11 03:09 PM Re: POA FOR PERSON HOLDING A JOINT ACCOUNT lpramey67
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
If the POA is being invoked, I would ask that the joint account be closed and an account be opened solely for the principal by the attorney in fact. This will ensure accurate record keeping and create the audit trail needed to protect the AIF from allegations of impropriety.
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