I am on a joint checking account with my mother.
Over 10 years ago my mom called me and wanted to write will and give me POA - Durable. She also put me on her checking account - joint. She did this telling me that she wanted me to use it for whatever I wanted. She wanted me to have things while she was alive so she could see me enjoy it. I did not abuse this (she was living on her own and in better health than I - this was 11 years ago) Even now she tells me to use our joint account.
After what I'm reading do I have to account for anything I spent from a joint account? She says it is "our" money.
She has lived with us now for 6 years rent free. Many times I buy her medicine and all the time her clothes with my money, also groceries especially for her.
What is the deal with a "joint account" - She says maybe she should tape record her saying it is her intent for me to have. NONE of her other grandkids, son or anyone except my child and grandkids have sent a card, call for over 6 years. She is done with them. Her and I are very very close. I might add that whatever money she has (after the sibs drained what they could) was from her 2nd marriage to an 86 year old man, who had a stroke and I quit my career (lucritive) to drive 40 miles 3-4 days a week to care for him after he had a stroke right after their marrriage. Her blood pressure was out of control and I was afraid she would die if I didn't help. So for 10 years I have been caregiver. First to him and last 6 years to her, although she has only gotten weaker after the flu last year. I'd say the last 2 years have been hard. But we lost our freedom 6 years ago when she moved in. Although I wouldn't have it any other way. Sorry so long, trying to get you the picture. She seems (and I too) that I own the checking as much as her. ???? She now wants to buy me some new flooring (which unfortunately she ruined the white carpet and that is why we need replacement).