Bank Wont Accept Durable Power Attorney

A Durable Power of Attorney has been created but the bank won't recognize it - what do you do?

In this short video, Petaluma Estate Attorney Bridget Mackay discusses why a bank or brokerage firm might not accept your durable power of attorney.

With a focus on Estate Planning, Probate and Trust Administration for the greater Sonoma, Marin and Napa areas - Bridget understands the intricate laws and regulations to counsel clients and make arrangements to fit your unique needs perfectly. Bridget believes in relationships. Taking care of yourself and your family is what matters above all else.

Address: 19 Keller St., Petaluma, CA 94952
Phone: [phone]

The Law Offices of Bridget Mackay and Bridget Mackay, Esq, accepts no liability for the content of this video, or for the consequences of any action taken on the basis of the information provided. This video is intended for basic general information only, if you feel that you are dealing with any of the issues presented, you should consult a professional licensed attorney to gain advice about your specific case. Any resemblance to real persons, living or dead is purely coincidental.

[MuckinFutch]

@MuckinFutch
0 seconds ago
In the Power of Attorney for Property, do you give the Agent the power to sign on behalf of the Trustee of the Revocable Trust (in addition to signing for the Grantor as an individual)?

[jewelmarkess]

In my case, the bank gives me hard time about my lawyer-prepared durable power of attorney because I am a beneficiary on the account. I am the only child, so naturally, my father made me the beneficiary. I am in NY, and we have a law that obligate me to take it, so while they are obligated by law to take it, but lawyers cost money, and at the moment all I need is to make sure my father's CD that he hasn't touched in years doesn't become "unclaimed funds", and the amount we stand to lose if it does is relatively small, but it's the matter of principle. If I'd need his IRAs to pay for long term care, I'll have to take them to court. Caretaking is difficult enough, I don't need this aggravation.

[redeemedharshsw]

And most relatives or strange person only wants the money. And that's why they have this ROAD BLOCK...AMEN