WebJan 30, 2012 · 04/11/2011. We have a customer that has a representative payee on his account and has his SSI direct deposited. The rep payee has died. The customer has a new payee appointed to his funds through Social Security and has brought the paperwork to us where he has made the change. We are not changing ownership of the account just … WebThis is very questionable behavior and may be illegal unless the account was open in your mother's name with her SSN, with your sister listed as representative of the account. A …

Investor Info: Power of Attorney and Your Investments

WebIf you have a bank account with joint owners, that means that either owner can access the account and perform transactions without the other owner being present. For instance, one owner can remove all funds, close the account and open a new account with only himself as owner if he chooses to do so. Each owner is equally liable for the account. WebJul 26, 2024 · Can someone with power of attorney open a bank account? An Attorney (s) is able to open a new Savings Account on behalf of the Donor, providing that there are no limitations in the document preventing this. For example the Power of Attorney may prevent the Attorney (s) acting until the Donor has lost their mental and/or physical capacity. dick\u0027s sporting goods in jacksonville fl

How to Manage a Parent

Webdecisions about your accounts. • Check the POA Requirements for Your State The laws governing POA vary by state. Understand the applicable laws, both where you live, and where you hold investment accounts. Many states have POA information on their official websites. You may also wish to contact an estate-planning attorney. WebIf all you want is to have her manage your IRA for you, you can sign a POA that gives her authority over the account and nothing else. Some downloadable POA forms have a long list of powers... citybus limbach-oberfrohna fahrplan