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Can the power of attorney remove all the money from a joint account without notifying the joint owner?
Wiki User
∙ 9y ago
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.).
Wiki User
∙ 17y ago
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