Can a poa withdraw funds when grantor is on an account with another person?

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1229694

2026-05-21 14:30

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Yes, a Power of Attorney (POA) can withdraw funds from an account if the grantor has granted them that authority. However, if the account is a joint account with another person, the ability to withdraw funds may depend on the terms of the account and the permissions granted to the POA. It's essential to check the specific stipulations of the account and the POA document to ensure compliance with legal and financial guidelines.

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