Power of Attorney

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#1899611 - 02/25/14 02:28 PM Power of Attorney
Banker Kathy 100 Club Joined: Apr 2010 Posts: 103	I know that you cannot put a POA on a UTMA account but can the POA open a UTMA account for the Principal? For example Mary Smith Principal Jane Doe Attorney in Fact Jane Doe comes in to open a UTMA account John Smith PAUTMA Mary Smith Custoodan
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#1899624 - 02/25/14 02:51 PM Re: Power of Attorney Banker Kathy
Beachbum, CRCM Gold Star Joined: Dec 2006 Posts: 499 Knee Deep in Regs	yes, assuming it is not a limited POA, the attorney-in-fact may open this type of account. _________________________ What we think, we become. Buddha
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