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#2002070 - 03/17/15 05:02 PM POA on Estate Account?!
madukes Offline
Diamond Poster
madukes
Joined: Jul 2009
Posts: 1,463
Flyers Country
I realize that that has probably been asked many times before; but we have a branch that opened an estate account recently. The executor is an attorney and has their POA signing on the estate account. I've told the branch to remove the POA because executors cannot delegate their authority to someone else; only the court can. Am I correct?

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#2002090 - 03/17/15 05:43 PM Re: POA on Estate Account?! madukes
SwPa Offline
Junior Member
Joined: Oct 2013
Posts: 25

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#2002094 - 03/17/15 05:47 PM Re: POA on Estate Account?! madukes
SwPa Offline
Junior Member
Joined: Oct 2013
Posts: 25

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#2002121 - 03/17/15 06:32 PM Re: POA on Estate Account?! madukes
dottiec Offline
Gold Star
Joined: Jul 2007
Posts: 305
That is my understanding. A fiduciary may not delegate their duties through a POA.
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"Life begins at the end of your comfort zone."

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#2003099 - 03/20/15 07:45 PM Re: POA on Estate Account?! madukes
madukes Offline
Diamond Poster
madukes
Joined: Jul 2009
Posts: 1,463
Flyers Country
thank you Dottiec!

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