Durable Power of Attorney Affidavit and Indemnification Form

Durable Power of Attorney Affidavit and Indemnification Form

If you are submitting an application that has a POA on the account, we need the below supporting documents submitted along with the Non-Brokerage Application and the Change of Broker Dealer Form. The POA would sign off on all areas needed on the application as well as the change of Broker Dealer Form. They would sign as Name POA. I.e.. John Doe POA. If you have a Trust, remember there are no POA's on a Trust. 

 - The Durable Power of Attorney Affidavit and Indemnification Form. This form is needed to show that the POA is in effect and valid for the account. 

- The Supporting Legal Documents. These documents are used to ensure that the POA can indeed act on behalf of the client and the specific roles they play in making decisions for the client. 

- A letter stating why a POA is needed. For example, the client may be incompetent, disabled, in the military or in any other state that they are unable to make their own decisions. Typically, this is a doctor's letter signed and dated. 

Once we have received all of the documents listed, we then send to our Compliance team for Review. We will notify you if anything else is needed. If there are missing or NIGO items, we will not be submitting the Change of Broker Dealer Form. 

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