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Can you form a committee to jointly handle a persons funds? What are the consequences of emptying the account without the committees consent? I have family fighting over money and PoA. Thanks,
1 ANSWER
The practical reality is you can not do a committee. The problem is that very few banks have capabilities to require dual signatures. So one person can always spend the money. Sure you could write a document that says the committee should agree but if one person wants to steal it they can. I am sorry for your situation and best of luck.
Answered on Nov 13th, 2014 at 8:24 AM