[WSBAPT] Bank of America question

[Stuart Scarff]

Dealing with Bank of America and fiduciaries is frequently a pain. Bank of America and other banks have started rejecting Court appointed Co-Personal Representatives, which makes no sense.

You could ask B of A they will allow the single attorney in fact to access and manage the account if one of the co-attorneys-in-facts resigns. If so, ask one of the co-attorneys in fact to resign. 

Stuart Scarff, Esq.
3035 Island Crest Way, Suite 201
Mercer Island, WA  98040
206.236.1500
206.905.5912 (fax)
www.scarfflaw.com
      
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-----Original Message-----
From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Candy Correia
Sent: Wednesday, June 16, 2021 4:13 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Bank of America question

Hi Listmates,

I’m providing some pro bono services. I’m wondering if anyone has ever dealt with Bank of America and a DPA that names co-agents to act on the principal’s behalf? The DPA states they must act together unless one of them is unwilling or unable to act. The principal is incapacitated and elderly. The bank says the DPA must state that the agents can act independently and they won’t allow two signatories on the account. 

Thanks in advance for any guidance!

Candice 

Associate Professor
Whitworth University 

Sent from my iPhone

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