Expert: Charles W. Field - 3/6/2005

Question
If I have a power of attorney for my mother, can I show a copy of it or do I need an original in order to sign for her, etc.?

Does having the "power of attorney" form signed at a bank give me power over a checking account, even if the account holder becomes deceased?

Does being a beneficiary on my mother's bank account give me any more rights than just having the "power of attorney"?

Thanks
David  

Answer
1. Whoever you are doing business with has a right to see and even keep, for their protection, an original. If this is a permanent arrangement, you might want to get her to sign several.
2.  A power of attorney is terminated by your mother's death. However, if the account is in both your names, you automatically get the account upon her death. Ask your banker; he/she will explain further.
3. See the answer to 2.
Since the POA expires upon her death, you might well want to make sure she has a will. Consult with a local attorney.