Legal Question in Banking Law in Washington

I have an all inclusinve power of attorneyalong with mybrother for my father who has deminia and is 94 years old. I am also trustee along with my father and brother in my father's living trust. Everything he owns is in his trust except for the bank account which we did not change over at the time everything was put in the trust. The bank has on record my POA which allows me to do whatever with any trusts.

Almost every time I try to deposit a check from a CD in another bank made out " EH and MH Living trust, my name trustee" the bank will not all me to deposit in my father's account in which, I , my brother and my father have check writing privileges.

The bank, a large national bank, with a branch in my father's home town, says it cannot deposit it in my fathers account because it must first go into a trust account. Even though I can cash the check at my bank and then put the cash in my father's account. What gives? What law are they relying on or is this bank policy?

Thanks


Asked on 9/19/09, 9:03 pm

1 Answer from Attorneys

Ann Sattler Aiken, St. Louis & Siljeg, P.S.

Your question sounds like the check is made payable to the EH and MH Living Trust, so that is why it must first go into the trust's account. Your bank is probably not handling it correctly.

DISCLAIMER: this is not legal advice and should not be relied upon as such. This response does not create an attorney-client relationship.

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Answered on 9/25/09, 7:04 pm


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