07/15/2018
If an agent requests to deposit a check payable to the principal to the agent's own account, is this an automatic red flag?
10/29/2017
I need to allow access to a person with a Power of Attorney to a safe deposit box. I need to catalog the box contents. Where can I obtain a example of the form with proper verbiage on it to use.
05/21/2017
Does a power of attorney go into effect immediately after it is executed?
05/14/2017
We just received a power of attorney that says it shall remain in force after the death of the principal. What do you think about that?
05/14/2017
We just received a power of attorney that says it shall remain in force after the death of the principal. What do you think about that?
05/07/2017
Are the powers of an attorney-in-fact under a power of attorney pretty standard from one POA to the next?
04/30/2017
If an attorney-in-fact comes in with a power of attorney and wants to open an account on behalf of the principal without the principal being present, who do we CIP?
04/03/2016
Our customer has appointed her daughter as her attorney-in-fact. Can the daughter set up Internet banking on her mom's account? The daughter/AIF is not listed as a joint owner of the account, and was appointed AIF after the account was open.
12/12/2015
Concerning a Durable Power of Attorney directive that states: "I appoint X as my attorney in fact. If X is unable or unwilling to act as my attorney in fact, I appoint Y as my attorney in fact," how does the bank know that X has chosen to pass on performing as attorney-in factor if Y has just decided to usurp X's position? And does it matter in this case if X and Y on alternative occasions act
as the attorney-in-fact on a deposit account?
11/08/2015
When there is a power of attorney used on a deposit account, does the financial institution have to require the documents for every withdrawal or is taking a copy of the documents and having them on file sufficient?