I was just appointed as my Aunt's Durable POA for financial and healthcare.
I took all the POA paper work to her bank as I was told to do.The banker told me I now have control of my Aunt's life.You now have full accsess to your Aunt's accounts.To me that sounds a little harsh but,that's just what I was told by the banker.That's where I'm ate today.I haven't done anything else.
I need to know what I can and can not do as a POA of financials?I never done this stuff before.
To help you all better understand ,I think it would be best for me to explan what I would like to do with my Aunt's bank accounts.
(1):Request to have my Aunt's bank statements sent to my home address?
Reason for this is because,of my Aunt's dementia as forgetting where she puts things ect.
(2):Request past bank statements?Reason for this is so I can find out what bills has been paid ect.
(3):Request a debit card from my Aunt's bank?Reason for this is because,I'm not the check writing type of person.As my Aunt writes checks as most all elderly people still do these days.To me checks take timely to clear the bank and causes,problems with account balunce.I use online banking & debit cards because,they are simple to use and fast to pay bills.
(4):Can I transfer funds from one account to another?
(5):Can I transfer funds from my Aunt's account to my bank account as another bank?
If I could simply transfer example,$2,000 into my account.Would make easier accsess for me when my Aunt needs cash.As of now when my Aunt needs cash she must write a check.Then I have to take my time going to her bank to cash it everytime.