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When there is a joint account and two attorneys-in-fact under a POA with only one listed as the joint account owner who has authority to make transactions?
Wiki User
∙ 14y ago
A joint account passes to the surviving account owner if the co-owner has died.
If a person who has executed a POA is a joint owner of an account, their attorney-in-fact can access that account, or any account, on behalf of the principal while the principal is living unless the principal excluded authority over that account from the POA. Any attorney-in-fact stands in for the principal in such matters as banking when the principal has requested that they do so.
A co-owner has free access to any joint accounts they own.
Wiki User
∙ 14y ago
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