[WSBAPT] POA for Inmate

[Marcus Fry]

Neli:
You can check with Baker Boyer Bank.  I think they would require a trust be utilized, which would be straightforward to do.  Moreover, a POA signed by the inmate can authorize the attorney in fact to establish the trust (also RCW 11.125 allows POA to establish sole benefit trust for principal).

Marcus J. Fry
Lyon, Weigand & Gustafson, P.S.
P.O. Box 1689
Yakima, Washington  98907
Telephone:  (509) 248-7220
Facsimile:  (509) 575-1883

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From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Neli Espe, J.D. - Olympic Legal
Sent: Monday, February 26, 2018 11:40 AM
To: WSBA Probate & Trust Listserv
Subject: [WSBAPT] POA for Inmate

Dear Listmates,

PNC is inmate in Walla Walla expects to receive significant inheritance (money) in the near future. Would a POA work to set up and manage an account in a financial institution on his behalf? If so, do you know of any of the institutional fiduciaries that might take on this work?

If not, is there a different vehicle to accomplish same result for an incarcerated person?

Thanks for any suggestions.

Best regards,

Neli Espe

Olympic Legal
Anacortes


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