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Attorney in fact pursuant to a POA prepared in 2013 pursuant to RCW 11.94 advises that several banking institutions holding accounts in the name of 101 year old principal's revocable living trust will not allow AIF to access those funds to allow her to pay
principal's nursing home fees. I do not yet have the banks reasoning (according to client/AIF it is because AIF's name isn't on the account) but will likely speak with them tomorrow. The POA grants AIF broadest powers, including "all powers as an absolute
owner" and the power to "exercise the principal's right to distribute property in trust or cause a trustee to distribute property in trust to the extent consistent with the terms of the trust agreement". Revocable trust was created by principal for principal's
benefit while living, including the right to the distribution of all principal and income. Any thoughts as to what the bank's arguments might be? This seems fairly straightforward to me so I'm having trouble understanding how multiple banks could be taking
this position.</div>
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Thanks in advance.<br>
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<strong><i><span style="font-size:13.5pt; color:#5133AB">Steven M. McConnell</span></i></strong><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><strong><span style="color:#5133AB">Attorney at Law</span></strong><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><span style="font-size:10.0pt; color:#5133AB">144 Railroad Ave., Suite 308</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><span style="font-size:10.0pt; color:#5133AB">Edmonds, WA 98020-4100</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><span style="font-size:7.5pt; color:#5133AB">Tel: (206) 783-0201</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><span style="font-size:8.0pt; color:#5133AB">Fax: (206) 789-5199</span><span style="font-family:"Calibri","sans-serif",serif,EmojiFont; color:black"><br>
</span><span style="font-size:7.5pt; color:#5133AB">Email: </span><span style="color:black"><a href="mailto:smcconnelllaw@hotmail.com" target="_blank" rel="noopener noreferrer"><span style="font-size:7.5pt; color:#5133AB">smcconnelllaw@hotmail.com</span></a></span><br>
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