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Does a spouse or someone with power of attorney have access to an incorporated bank account?
Wiki User
∙ 14y ago
It really depends on how the power of attorney is written, and which powers it gives to the agent in fact. It can give the agent the power to sign for the principal in differing capacities. If the principal is a signer on a business account, then yes someone who is the POA can have access to it. However, you can't just walk into a bank and ask to have access to the account, you must bring in your POA documents and have them reviewed by the banks legal department then be formally added on to the account as POA. Keep in mind also that a POA is only valid while the principal is living, and ends when they die or revoke it.
Wiki User
∙ 14y ago
Wiki User
∙ 6y agoYour question is somewhat vague. Generally, a general power of attorney grants wide authority to act on behalf of an individual. That general POA would not grant authority to act on behalf of that individual in a corporate capacity. Corporate authority is generally assigned or granted by a vote of the corporation. You should consult an attorney who can review your situation and explain your options.
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