I would like to add my daughter to my account to write checks, in the event that I'm sick or unable to do so, but I do not want to give her any ownership. I was told that I could add her by using "and or". Could you please advise me?
Untitled
Using "and/or" is more likely to make your account joint, which would mean your daughter would have the right to use funds in the account for any purpose. That's one way to set up an account, but it's not doing what you say you want accomplished.
There are two ways to do what you want, and both involve setting your daughter up as an authorized signer on the account. Some banks use the phrase "courtesy signer." Either you can simply sign new account paperwork with your daughter that designates her as an authorized signer not an owner, or you can grant your daughter a power of attorney, which can be as limited as you wish, so that she can transact business on your behalf.
It's often easier to go the Power of Attorney route when multiple accounts or banks are involved. If you're using just one account or one bank, updating the account with an authorized signer is probably the way to go.
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Using "and/or" is more likely to make your account 