Power of Attorney – RMD

How does a power of attorney activate that power to take principal’s RMD



Provide a copy of the POA to the IRA custodian, then hope the custodian does not require their own POA form.

If the IRA custodian does require their own POA form they will often accept the form when the agent under the POA completes it and signs it on behalf of the principal.  A copy of the POA would then be attached showing that the agent is authorized to perform actions related to retirement plans.  This often works with banks.

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