MY MOTHER HAS A WILL AND I AM THE POWER OF ATTY...NOW I HAVE TO TAKE OVER AND I HAVE A LETTER FROM HER DOCTOR...WHAT DO I DO NOW... TO START PAYING HER BILLS....I CAN NOT TELL HER OR TAKE HER TO THE BANK..SHE WILL RESIST AND BE MEAN................SANDY
There are many pitfalls to managing accounts once your mom is incompetant; it sounds as if you have everything in place which should make your job easier. Remember that you will have to file POA with the IRS and your state tax board if you are going to take over the filings; even if you use a CPA.
Is she competant, or does she have dementia/alz? What type of power of attorney is it? - there are many kinds - not all POA's are all inclusive; in addition there is such a thing as being named as Representative Payee for social security. I don't know how being in her will would have anything to do with it - I do know that banks are now mandated reporters and will need to see paperwork appointing you and / or your mom if you want to put your name on her accounts. Because of the dramatic increase in financial elderabuse, things are no longer as simple as they were 30 years ago.....so let us know and everyone can help with the right advice.
My advice is to be very clear and have good records if she does not want you touching her money.
i am caretaker i send fathers dr bills to my brother and let him pay dad s bills . works like a charms . wink