FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentTake the time to create proactive measures to help your loved ones avoid a headache and the complications when you die. Authorized signers and Power of Attorney (POA) cease at death. For example: If you are listed as Power of Attorney for your mother’s checking account, this ceases on an account upon the death of the owner.
Joint Owners, Payable on Death (POD) and Transfer on Death (TOD) accounts allow for the direct transfer of funds. Keep in mind, a POA cannot name themselves as a joint owner without the other owner’s consent and signature.