Can a POA change the beneficiaries previously established by the owner of the account?

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R

rozyczka12 Asked October 2013

Can a POA change the beneficiaries previously established by the owner of the account?

Can Person with a POA can go into a bank and changed the beneficiaries that have been previously established by the owner of the account?

Power of Attorney (POA)

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No!!!!!!!!!!!!!!!!!!!!!! A POA does not have the legal authority to change beneficiaries on anything. I am the DPOA for my mother that was written out by her lawyer and in my presence explained to me what I could legally do and not do on her behalf.

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Can a POA change the beneficiaries previously established by the owner of the account?

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