Are there any Regs that pertain to an incapacitated member who does not have any guardian: is a power of attorney acceptable? If not, then what are we to do before allowing someone else (such as a relative) to manage the member’s accounts?
Is a guardian or conservator appointed by the court for an incapacitated adult allowed to transact business on the adult's IRA?
We had an account for a customer that has since been charged-off. She now has another account but it's a guardianship account where she is the
ward, not the guardian. Can the bank debit this guardianship account where she is the ward for her previous charge-off on another account?
What happens when a customer is deemed incapacitated? Do we close the account? Do we continue to pay checks until the conservator opens a new account?
If a guardianship account requires a court order for a withdrawal is this normally noted in the styling in the legal title of the account or is a special alert message sufficient?
A mother is guardian/conservator for her minor son. She would like a debit card for his account. I say no, as we would not know who is actually using the card, the mother or the son.
Can an appointed guardian close a joint account? Does the appointed guardian supersede the joint owner of the account?