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#2079037 - 05/17/16 07:34 PM POA and statement access after death
tryin2comply Offline
Member
Joined: Jun 2013
Posts: 90
We are all in agreement that a POA has access to Bank Statements while account holder is living and that POA ends at death. Question: After death, when POA has ended, does that POA have access to statements created during the POA tenure? Thanks for any info.

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#2079052 - 05/17/16 08:05 PM Re: POA and statement access after death tryin2comply
ComplianceMN Offline
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Joined: May 2015
Posts: 67
MN
We asked an attorney this questions and they told us that since the POA ends at death, the attorney-in-fact lost their rights to any information at the death of the principal and so they should have access to statements or any other account information (even if a transaction occur when the principal was alive and the POA was valid. We are in MN so I am not sure if this would be different for other states.

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#2079070 - 05/17/16 08:37 PM Re: POA and statement access after death ComplianceMN
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Originally Posted By ComplianceMN
and so they should have access


I think there's a "not" missing between "should" and "have" in that string of words.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#2079117 - 05/18/16 10:17 AM Re: POA and statement access after death tryin2comply
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Quote:
when POA has ended
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In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#2079126 - 05/18/16 01:22 PM Re: POA and statement access after death tryin2comply
tryin2comply Offline
Member
Joined: Jun 2013
Posts: 90
Thanks for the info! We agree on the "Should Not Have Access" but it has been argued here and we were curious what others were saying.

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#2079223 - 05/18/16 06:28 PM Re: POA and statement access after death tryin2comply
ComplianceMN Offline
Member
Joined: May 2015
Posts: 67
MN
Thanks John, yes it should have said "should not have access to statements . . ."

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