Special Durable Power of Attorney for Bank Account Matters - Utah 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name and county at the top of the form. This identifies you as the principal granting authority.
  3. Next, designate your agent by entering their name. This person will have the power to manage your bank accounts.
  4. Specify the bank's name and address where your accounts are held. This ensures clarity on which institution your agent can act upon.
  5. Review the powers granted to your agent, including making deposits, withdrawals, and managing account transactions. Ensure these align with your intentions.
  6. Sign and date the document at the bottom, ensuring that witnesses also sign as required by Utah law.

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A person with Power of Attorney for their parents cant actually add the POA to their bank accounts. However, they may change bank accounts to be jointly owned. There are some pros and cons of doing this, as discussed in the article POAs vs. joint ownership from NWI.com.
Under California law, financial service companies must get your permission first, before they can share your personal financial information with outside companies. This does not apply to sharing with outside companies that offer financial products or services.
Generally, banks are obligated to honor a valid durable power of attorney. However, financial institutions can still refuse the document for policy or protective reasons. A banks right to refuse a power of attorney is grounded in its unique position to prevent fraud and elder abuse.
A common misconception is that a power of attorney (POA) can continue to access a bank account after someones death. However, the power of attorney only has authority while the person who granted it is alive. Once the individual passes away, the POAs legal authority ceases.
A power of attorney grants an agent access to designated bank accounts if and when certain stipulations are met, such as the account holder is incapacitated or unable to complete certain tasks due to extended travel, military service, or other reasons.

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