Most people select their spouse, a relative, or a close friend to be their power of attorney. But you can name anyone you want: Remember that selecting a power of attorney is not about choosing the person closest to you, but rather the one who can represent your wishes the best.
Contact the bank before having a financial power of attorney drafted by a lawyer. ... Send or deliver your previously drafted financial power of attorney document to the bank. ... Provide identification and a copy of the financial power of attorney to the bank teller when you ready to complete a transaction.
You don't want to discover your bank account's been drained and your house sold without your permission. Don't worry, Power of Attorney doesn't give anyone the power to just give away all your money.
If one joint account holder loses capacity to operate their account and a registered enduring or lasting power of attorney is in place, then the bank will allow the attorney and the account holder (with capacity) to operate the account independently of each other, unless the account holder (with capacity) objects.