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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Listmates:
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">I am working on a new project for the ABA Real Property, Trust and Estate section regarding powers of attorney and would like to enlist your help. I
am seeking information regarding your experiences with difficulties you have encountered getting powers of attorney forms accepted by various financial institutions, including large brokerage firms, national or regional banks or credit unions, and retirement
plan administrators and custodians<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">.</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Many people are experiencing issues with valid powers of attorney being accepted by various financial institutions. Financial institutions are refusing
to honor witnessed and notarized power of attorney forms. Instead, they insist that the account owners sign the financial institution’s power of attorney forms or set up other roadblocks. Unfortunately, by this point, the individual required to sign may no
longer be competent to do so. The Uniform Power of Attorney Act includes provisions addressing this issue (such as requiring the institution to pay attorney fees if the attorney-in-fact has to go to court to enforce) but the problem persists. This problem
is well-known to attorneys and has been getting national attention. </span><span style="font-size:12.0pt;color:#0070C0;mso-fareast-language:JA"><a href="http://www.nytimes.com/2016/05/10/health/finding-out-your-power-of-attorney-is-powerless.html?mwrsm=Email" target="_blank"><span style="color:#0070C0">http://www.nytimes.com/2016/05/10/health/finding-out-your-power-of-attorney-is-powerless.html?mwrsm=Email</span></a>
</span><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Through this project, we hope to collect specific information about the types of resistance to powers of attorney and then reach out to financial institutions and
work with them to improve the usefulness of this critical part of a person’s estate plan.
</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA"> </span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Specifically, we are interested in responses that address the following questions:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">· What problems have you encountered while attempting to have a financial institution accept a power of attorney?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">· With what financial institutions have you encountered these issues?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">· Has the Uniform Power of Attorney Act improved this issue in any states? If so, how and in which states?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">· What other problems have you encountered with acceptance of a power of attorney (including acceptance by retirement plans for tasks such as change
of beneficiary)?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoListParagraph" style="margin-left:.3in"><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">If you are interested in sharing your experiences, please respond off list to my research assistant Cara Compesi at
<span style="color:#0070C0"><a href="mailto:ccompesi@uw.edu" target="_blank"><span style="color:#0070C0">ccompesi@uw.edu</span></a></span> or to me at
<span style="color:#0066FF"><a href="mailto:kboxx@uw.edu"><span style="color:#0066FF">kboxx@uw.edu</span></a>.</span><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Please feel free to share this email with others not on the list who may have stories to share.
</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";mso-fareast-language:JA"> </span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;mso-fareast-language:JA"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Professor Karen E. Boxx</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">University of Washington School of Law</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Box 353020</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">Seattle, WA 98195-3020</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";mso-fareast-language:JA">206.616.3856</span><span style="font-size:12.0pt;mso-fareast-language:JA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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