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A POA is granted by persons who for whataever reason are unable to conduct their personal and/or financial affairs. An individual cannot grant themselves a POA. The method for closing a joint account is to close the existing account and open a single account. The other account holder would obviously be notified of the action as they would have to be a part of closing the account depending upon how the account is held (JT, JTWRS, TBE, etc.).

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โˆ™ 2006-08-03 15:41:05
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Q: Can one person have their name removed from a joint bank account using a power of attorney without the other person's knowledge?
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