Attorney/Fact Sign Signature Card to Act on Acct?

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Question:

Does an Attorney in Fact or a Guardian have to sign a signature card to be able to act on an account?

Answer:

Legally, probably not. But from a purely practical perspective, the financial institution should want an exemplar signature on file, and it will need to update its records as to authorized signers in any event.

First published on BankersOnline.com 3/18/13