Recently my fathers wife went into a nursing home. I am my fathers POA and his wifes daughter is her POA. They both had bank accounts, with the other listed as a joint owner.
Her family will be applying for Medicaid for nursing home care. The attorney told us to remove my dad from her account, and her from my dads account - and then to add the POA's to the appropriate account.
POA's have been added. My dad signed the paperwork to be removed from his wife's account, as the lawyer requested. So, her account is as it should be. Yesterday, the bank told me that his wife's POA told them she has changed her mind and will not remove her mothers name from my dads account. So, now, on my dads account is his name, his wife's name, and my name as POA.
I asked his wife's POA about what the bank told me, and she painted a different picture. She did say she is a bit confused at all the attorney has told her, and wanted to check with him again on if she really is supposed to do that. (Okay, I want to believe her.)
My question is, if his wife's POA is not on the actual account, can she withdraw funds? I know it was a big ordeal for me to get added to his account as POA. Can she just add herself as POA to the account as well? There really isn't a benefit for her to withdraw funds, since they are applying for Medicaid and would have to explain any withdrawal - and I do want to trust her - but, want to protect my dad as well. The money in this account is 100% his, as the money in her account (that he signed off of) is 100% hers.
Any advice is appreciated. Thank you !