Follow
Share

Mother and father are not able to make financial decisions and have given the right to their son. They have turned over all trust rights to him, documented it and is notarized. For financial "stuff" not in trust, they have durable power of attorney assigned to each other with son as the alternate if they can't or revoke their rights. Is the document that states the above for the Durable POA all we need to go to the financial institutions in order to help manage their money or do we need to have a signed document stating they give up their rights in their durable power of attorney document?

This question has been closed for answers. Ask a New Question.
You proceed to a Guardianship hearing. They are legally competent until the judge bangs the gavel and says they are not.
Helpful Answer (0)
Report

What if they revoke their rights to son? In other words, they want their son to take over everything. The question is if their son can proceed with the Durable POA and take over legally or do they need more forms filled out and notarized. Parents have given up rights to their son with everything in trust and have had a document signed and notarized. Do they need to do the same with Durable POA even though they have the POA document that states their son takes over if they can't and/or are not willing any longer.
Helpful Answer (0)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter