When you begin the process to secure the money you must be a joint owner on securities accounts so you both have to sign to withdraw funds. there are two benefits to this 1) the elder has the feeling of still having control over their money and (2 they can’t make withdraws without your permission. […]
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POA Power of Attorney
This is a great tool for taking care of an elderly person. One popular misconception about the POA is it last beyond death, it does not. It is beneficial for paying home care aides and for medical supplies. A POA should be obtained for bank accounts and securities accounts (Stocks and bonds) Lawyers will draw […]