My mom completed a DPoA naming me back in 1997. She kept it in a safe deposit box until it was needed. Now in 2017 Bank of America refused to honor it as it did not have the wording they use specifically in relation to bank accounts. Obviously we cannot update it to a newer form as she is now incapacitated. I need to be able to pay her bills and this is very frustrating.
I did a search on this site and found this article which basically leads one back to the attorney. There were many other threads. Just search for Bank POA. I'm glad you asked the question as this article stated the POA needs to be renewed every five years. Who knew?
https://www.agingcare.com/articles/what-to-do-when-bank-rejects-poa-178641.htm
one required by law.
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