[WSBAPT] Financial POA

[James Bates]

  1.  Key Bank is insane.  Heck, I'm shocked they aren't applying Ohio law.
  2.  I have always struggled with this question from a conceptional standpoint.  I would infer that 11.125.240(g) requires some language in the trust which would allow the trustor/trustee to delegate their authority under a POA.  Absent that language, I'm not sure language in a POA is enough to access trust accounts.  (Not that it matters much, but I know this is the UTC position, that both the POA and the Trust must allow the delegation.)  Any reason not to install the son as a Trustee to access the accounts?  In my opinion, it is a best practice to have the Trustee control the trust accounts and the POA be used for non-trust accounts.

James Bates, Attorney
Luce & Associates, P.S.
4505 Pacific Hwy. E., Suite A
Tacoma, WA 98424
T: (253) 922-8724
F: (253) 922-2802
www.LuceLawFirm.com<http://www.LuceLawFirm.com>  [e943ecc8-5be2-4768-a17e-1b829b908afe] <https://www.facebook.com/pages/Luce-Kenney-Associates-PS/200703820101348>

IMPORTANT NOTICE TO EMAIL RECIPIENTS
1. The information contained in this e-mail and accompanying attachments constitute confidential information which may be legally privileged and is intended for the sole use of the addressee.  If you are not the intended recipient of this information, any disclosure, copying, distribution or the taking of any action in reliance on this information is strictly prohibited and may be unlawful. This information is the property of Luce & Associates, P.S.  If you received this e-mail in error, please notify us immediately by return e-mail or by calling (253) 922-8724.
2.  This e-mail transmission may not be secure and may be illegally intercepted.  Clients of Luce & Associates, P.S. are asked to use their best judgment in determining whether the topic of an e-mail response is such that it would be better saved for a more secure means of communication.
3.  The sender believes that this e-mail and any attachments are free of any virus.  However, by reading this message and opening any attachments, the recipient accepts full responsibility for taking remedial action regarding any viruses or other defects.
4.  All Luce & Associates' attorneys are licensed to practice law in Washington and do not intend to give legal advice to anyone with legal matters not involving Washington law or federal law or to those who are not clients of this firm.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20171012/bdf5da76/attachment.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.gif
Type: image/gif
Size: 1396 bytes
Desc: image001.gif
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20171012/bdf5da76/image001.gif>