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Chris128 Asked March 2017
Why would my mother need a POA when I am on all her accounts?
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My 89 yr old mother lives with me because she is no longer able to live on her own. I take care of all her finances. She doesn't have a lot - only one bank account and a mutual fund account which I am on both accounts along with her. We are joint owners with rights of survivorship on a condo worth about $75000 which I am looking to sell. She is currently of sound mind and would be able to sign if I sold the condo. We have a living will for her which states the patient advocate if she is unable to make medical decisions. Is there any reason she would need a POA?
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mom2mom Mar 2017
Based on what you have said, I don't see any reason but, why not do it just in case while she is still able to. I would hate to see her deteriorate and become unable to designate you as POA and then you find yourself in a situation where you might have to act on her behalf. Maybe something to deal wither Soc Sec benefits or Medicare/Medicaid. Heck, just this past weekend, I had to send a copy of Mom's POA just to change Mom's address on an account that we had overlooked when she moved.
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