|
 |
Home >> Special Situations >> Powers of Attorney
Brother takes over Father's Account: What to do?
After having an account for over 50 years, my out-of-state brother convinced my father to add his name to it. My father now must have two signatures to do anything. He has over 135K, and cannot touch his own funds. My brother refuses to remove his name from the account, and the bank refuses to assist me, even though I have full power of attorney. How can I get him off the account and give my dad access to his own money?
|
Untitled
|
 Your father saw fit to grant you a power of attorney. On the other, he signed documents giving your brother power to control his account access. We don't dispense legal advice, but there seems to be an impasse here.
It's best first to try to resolve family concerns within the family. To that end, hopefully, your brother and your father can discuss the situation amicably. Assuming that your father is capable of managing his own accounts, you and your brother will give him the final word, and if he needs help managing his accounts, that you and your brother can cooperate to protect his money.
Published on BankingQuestions.com 4/20/09
|
| |
|
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
