Nope. Eith P.O.A. or notification of incompetance signed by a judge.
Yes, you can do that. Power of attorney actually gives you limitless powers to act on your fathers behalf. So, since your father can add you to his bank account if he wants, you being the one with his power of attorney you can do the same thing, you can do anything you want on behalf of your father and it is perfectly legal.
No. It is a banking policy to verify the security and identity of the account. If the person is not on the account, or they do not have Power of Attorney, we will not close the account.
If the account holder is incapacitated, then someone should obtain the power for attorney for that person. If the account holder is deceased, then you need a death certificate to prove that. And those are the only two circumstances in which it is necessary to close an account when the account holder is not present.
No. A checking account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
A bank account can be closed only by the individual who holds the account. He/she needs to visit the bank and sign the account closure form in order to close their bank account. No one else can do that. But, if the account holder has given the legal power of attorney to another individual, he can act as a proxy for the customer and close their bank account.
If the principal is living and owns the account and wants to close it the attorney-in-fact has the power to close it. The bank will want to see the original POA and, if diligent and legally sophisticated, will ask for an affidavit stating the principal is alive and the POA has not been revoked.
If you are one of the account holders, yes. You do not need a power of attorney to do so. Also a power of attorney expires on the death of the grantor.
A power of attorney represents a living person, so any power of attorney is no longer valid. They would have to be on the bank account or the executor to legally take the money out.
The power of attorney expired on his death. In most cases the spouse gets the estate if there is no will.
Yes. Both the owner/proprietor of a bank account and the person to whom they have given power of attorney can operate a bank account. Actually a person with power of attorney is as good as the person (in legal terms) itself and so they both can operate the bank account without any issue.
If the power of attorney represents the deceased, no, they cannot. A power of attorney expires on the death of the grantor.
Powers of attorney are only good while the person who gave the power is living. They expire upon the death of the person granting the power. The probate attorney has no duty to notify you that they are accessing the records. You should get yourself listed as a co-owner of the account instead.