[WSBAPT] Financial POA

[John McCrady]

I would think that in order for the POA to be effective for this use you would need:

1)       The trust agreement would need to authorize the trustee to appoint an attorney in fact to act for the trustee.

2)      The POA would need to apply to action as trustee.



John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98467
253-476-5721
j.mccrady at pstitle.com

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Brink, Kerry
Sent: Thursday, October 12, 2017 2:45 PM
To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
Subject: Re: [WSBAPT] Financial POA

http://app.leg.wa.gov/RCW/default.aspx?cite=11.125.200

There is always this - last paragraph would require bank to pay reasonable fees for failing to honor the Power of Attorney.

Best regards,
Kerry
Kerry E. Brink * Attorney at Law

Estate Planning, Probate, Elder Law

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From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Anthony Vivenzio
Sent: Thursday, October 12, 2017 1:45 PM
To: wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Financial POA

Listmates:
Client giver POA to her son.  Son goes to Key Bank to access Revocable Trust account with POA that specifically incorporates the statutes (11.125.240, 11.125.300, 11.125.330).  Key Bank essentially says they are a federal bank and do not have to honor a Washington State POA.  Any thoughts or suggestions?

Anthony D. Vivenzio,
Attorney and Counselor at Law
PO Box 208
540 Guard Street, Ste. 260
Friday Harbor, WA  98250
(360) 378-6860
vivenziolaw at rockisland.com<mailto:vivenziolaw at rockisland.com>

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