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When there are joint banks accounts, on
savings & CD's with one party having dementia, the joint party is sharing the account. However, there are two Durable Power of Attorneys, one having the joint account. The other is not on the account. These two people share POA, both he same, dated the same day, year. The POA's are detailed for banking transactions for the best interest of the dementia parent.
The POA party that is not on the joint account tried to withdrawal the CD account. Now the bank has frozen the account, neither party cannot access or move it. Doesn't the joint account override any POA, especially when one of the POA;s is on the joint account?
The bank says the family now has to have a court appointed conservatorship to access the money. This seems extreme