Financial POA

  • What to Do When the Bank Refuses a Financial POA Document

    Sometimes even a legally prepared power of attorney (POA) document is refused by the bank. Know why financial institutions hesitate to grant POAs access to accounts and how to remedy this situation.

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  • Financial POA: How to Manage a Senior's Expenses

    When you become your parents' financial power of attorney, you now have two sets of finances to manage, your own and your parents. Learn 7 ways to keep everyone's finances on track.

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  • 10 Things You Should Know About Your Parent's Finances

    Would you know what to do if you suddenly had to take over managing money and paying bills for your parent? Here are 10 things you need to know before assuming this responsibility.

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  • POA: How do I make sure I have the legal authority to make decisions on mom's behalf?

    In order to make most decisions on an aging loved one's behalf, you must be given the legal power to do so. A durable power of attorney is a document your relative executes that gives you specific legal powers to act on his or her behalf.

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  • Why a Letter of Competency Should Be Part of Every Senior’s Legal File

    Adding this one simple step when a loved one creates or changes their will, powers of attorney and other crucial legal documents can minimize unnecessary stress and familial discord down the road.

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  • When POA Isn’t Enough: Other Forms Needed to Act on a Loved One’s Behalf

    Power of attorney documents allow caregivers to advocate for elderly loved ones, but some institutions require additional documentation. See what specific permissions you’ll need to access personal information and make vital decisions.

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  • Things You Can and Can't Do With Power of Attorney

    Whether you’ve been named as someone else’s power of attorney (POA) or you’re looking to appoint one for yourself, know what rights, responsibilities and limitations come with this designation.

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  • How Much Does It Cost to Get a Power of Attorney Document?

    It’s easy to purchase an affordable power of attorney (POA) form online, but this option comes with some risks. An elder law attorney can explain how this tool works, help you avoid pitfalls and customize POA documents to meet your unique needs.

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  • Are Adult Children Responsible for Their Parents’ Debt?

    Many adult children are unaware of their parents’ financial situation until they step in to help manage money or begin the probate process. If you find that a parent has racked up some debt, it’s normal to wonder if you may be on the hook for repayment.

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  • Tips for Caregivers Who Are Managing A Senior’s Investments

    Many family caregivers are granted the power to manage an aging loved one’s finances, and this often includes handling an elder’s investment decisions. While this can be a daunting task, these pointers can help guide you.

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  • Financial Planning Strategies for Caregivers and Their Parents

    Planning ahead for your elderly parent's long-term care can save the rest of the family both emotional and financial distress. Help your parents avoid financial pitfalls with these 3 financial strategies for planning future care.

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  • What Caregivers Need to Know About Notarizing for Someone With Dementia

    Essential legal documents for estate planning and long-term care planning often need to be notarized to prove they’re valid. However, notarization can be tricky if a senior has Alzheimer’s disease or another form of dementia.

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  • Power of Attorney: Why Not Buy a Form Online?

    Power of attorney forms are widely available from online sources, but these forms aren’t meant to be one-size-fits-all. There are a few key points to consider before deciding against working with an elder law attorney to draw up a customized POA document.

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  • Selling Your Elderly Parent's Home When They Have Dementia

    Many adult children are faced with the prospect of selling their parents’ homes to pay for their care. This may make sense financially but can be legally complex. Here’s what a caregiver should know before trying to sell their aging parent's home.

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  • Important Paperwork: What to Keep and for How Long

    We retain health records, financial statements and tax documents just in case we need them, but this can be overwhelming for caregivers who store their loved ones’ files, too. Use these tips to organize what you should keep and purge what you shouldn’t.

    5 Comments
  • When Does a Power of Attorney Designation End?

    When the “principal” (the person who signs a power of attorney document) dies, the POA terminates. A different type of legal authority then becomes necessary to gain access to the deceased’s assets and bank accounts.

    8 Comments
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