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cabmandone cabmandone is offline
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Join Date: Jul 2013
Location: Delphos OH
Posts: 32,387
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I just send them my Durable POA and say "argue with this". The only thing a Durable POA can't get around that I've found is a Trust. But even with a Trust, if the POA is worded appropriately you can still obtain the ability to write and deposit checks in a trust account.

I did all of the work settling things for my dad when my mom passed away. Not an easy task when you're not listed on the accounts but I got it done. I'm now only listed as joint account holder on a new bill pay account I set up for my dad to do ETF for auto pay. For every other account I have the ability to sign as POA. I've also consolidated all of his holdings into one brokerage. His internet, electric, gas all have me listed on the account as financially responsible but again if they argue... BAM Durable POA.

I guess what I'm getting at is make sure the POA doc is thorough and grants sufficient authority and there's little they can do to argue once you've presented them a copy of the POA.
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Old 11-16-2024, 10:03 AM
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