Power of attorney: How to set it up or get it

A power of attorney (POA) is a binding legal document that gives a person chosen by you, the principal or account owner, the ability to act on your behalf. This person is known as the agent or attorney-in-fact. If you want to give someone full control over your account and have determined a POA is the right choice for you, the following information can help you get started.

If you have been granted the power to act on behalf of someone else and want to add yourself to their accounts, you can submit your request online.

Annuity customers, please use these forms instead.

Why would I want to set up a power of attorney?

You may consider setting up a POA to prepare for unexpected events that could prevent you from handling your own affairs. Establishing a POA enables you to choose who acts on your behalf in case you are unable to act for yourself, whether due to illness, mental incapacity, or physical absence.

Why would I want to get a power of attorney?

You may want or need to be able to make important decisions for someone else if they become unable to do so, be it a family member or friend. You must be able to make decisions for the person who has given you this authority with an understanding of the long-term impacts and act in the principal’s best interest at all times.

Important things to know about setting up or getting a power of attorney

You must be an account owner to give an agent access to Fidelity accounts. When setting up a POA, the agent being given authority on behalf of the principal cannot sign as a witness.

If you have been named an agent and don’t have a Fidelity account, you’ll need to open your own account before you can be added.

If you are an annuity customer, you’ll need to use these forms.

Account withdrawal restrictions

For the first 30 days the newly added agent can take out no more than $10,000 total, though exceptions can be made in certain situations. This restriction is a protective measure to help monitor withdrawals when a POA is added to an account and does not apply to the account owner.

After the 30-day period, this restriction is automatically lifted from the account.

I’m the account owner

Be sure to review all POA-related documents with a trusted legal professional to ensure you understand the implications of granting this authority.

You can begin the process to set up a POA online, though you’ll still need to print the form and mail it back to complete it.

Please make sure the forms are:

  • Signed, notarized, and dated in front of a notary (for both the owner and the attorney-in-fact)
  • Signed by two witnesses

When we've received your forms and confirmed everything is correct, you'll receive a revised account profile by mail to your address within five business days.

I’m the agent (attorney-in-fact)

As the person who will be acting on behalf of the account owner, you’ll need to request to be added as agent to the account by certifying and uploading the POA that granted you the authority to do so.

If you don’t have a Fidelity account, you’ll need to open one.

We’ll send an email confirmation once your request is submitted. Processing typically takes 3–5 business days and you’ll receive an email when it is complete.

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