Durable Power of Attorney
It may be difficult to think about, but planning ahead to protect your finances and family is vitally important. A durable power of attorney document lets you name someone to make decisions on your behalf if you suffer a health crisis.
What type of account is this?
Eligible Account Types
Retirement
Individual:
  • Rollover IRA
  • Traditional IRA
  • Roth IRA
  • Inherited IRA
Non-Retirement
Individual and Joint:
  • Cash Management Account
  • Trust Account (requires further review for the fiduciary to have the authority to delegate to an agent, and may be limited in scope)*
  • UTMA/UGMA (trading authority only)
  • Business Accounts (BIA)
  • BASIC Retirement Account
* Power of Attorney for Trust and Business Accounts are never durable. The powers for Power of Attorney on Business Accounts are restricted.
Ineligible Account Types
  • MEGI
  • RCMA & RCMA II
  • Estate Account
  • SEP IRA
  • SIMPLE IRA
  • 529 Accounts
What's the client's state of residence?