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Wife POA for Husband-Add Herself as Signer & POD?

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Question: 
I​f​ a wife has POA for her husband can she ​add herself as authorized signer and add herself as the ​pay-on-death beneficiary?
Answer: 

The power of attorney document and state law will dictate what authorities the attorney-in-fact has. If your institution is not sure, then request that bank counsel review applicable laws and the power of attorney prior to changing ownership.

First published on 04/15/2018

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