By clicking Talk to a Specialist
for information about our privacy practices.
A Will doesn't come into effect until Moms death. The POA will stop and the Executor will take over.
I don't believe that your mother's income will be reflected as yours as well. Based on experiences and advice of our bank, the individual whose name is first on the account is the one to whom interest income or other income is attributed for tax purposes.
I raised this issue specifically b/c I wanted any interest attributed to me, as my income was much lower than Dad's and I rarely had to file federal tax returns.
Hopefully the OP will return and clarify. So often we never hear from people after we answer.
You don't mention dementia in your profile, so I'm assuming it's not an issue. Is your mother mobile enough that you can take her to the bank and open a joint checking account? This would circumvent the DPOA issue.