A brother and sister have been given power of attorney by their father. Does the sister need her brother's permission to write checks made out to herself and to cash in CDs and move money into a new account?
That question can't be answered without seeing the power of attorney document(s). Some powers of attorney naming two attorneys-in-fact actually name only one, and the second is named to act if the first is unable or unwilling to serve. Other powers of attorney naming two attorneys-in-fact provide that each can act independently of the other. Assuming that the power of attorney document was crafted with the aid or guidance of a lawyer, consult that lawyer to find out whether each attorneys-in-fact may act independently of the other to complete transactions of the type you've described.
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That question can't be answered without seeing the power of attorney document(s). Some powers of attorney naming two attorneys-in-fact actually name only one, and the second is named to act if the first is unable or unwilling to serve. Other powers of attorney naming two attorneys-in-fact provide that each can act independently of the other. Assuming that the power of attorney document was crafted with the aid or guidance of a lawyer, consult that lawyer to find out whether each attorneys-in-fact may act independently of the other to complete transactions of the type you've described.
