Must Fiduciary Also Have POA?

Discussion in 'Fiduciary questions' started by Maven, May 30, 2017.

  1. Maven

    Maven Jr. Member

    My husband was appointed fiduciary for his 90 mother , the bank is telling him he must also have power of attorney in order to open the custodial account.Is this correct?
  2. Kaylin

    Kaylin Hero Member Staff Member

    I don't think he needs power of attorney for anything dealing with the A&A benefit itself but maybe that bank is particular about having power of attorney if you're opening up a custodial account for another person?...
  3. Matt375

    Matt375 Jr. Member

    Kaylin is correct that is not a VA requirement that sounds like it is the bank.
    Kaylin likes this.

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