newtoseattle
Recycles dryer sheets
My MIL (age 80's) recently lost her husband who had managed all her accounts. She does not want to do any internet banking/etc and has asked her children for help. She would only need them to help set her up with a higher interest savings account and CD's (and have the ability to help her monitor bill pay, etc).
Would the best way to accomplish this be to have one of the adult kids be a POA? Would that be the official way to allow them to set up bank accounts, make transactions, etc in her name? There is no concern about trust/misuse etc. for either of the adult kids.
I think I have thought of POA as being for when someone is "incompetent" or no longer able to manage things, but was trying to come up with a solution for her just not wanting to do it...
Would the best way to accomplish this be to have one of the adult kids be a POA? Would that be the official way to allow them to set up bank accounts, make transactions, etc in her name? There is no concern about trust/misuse etc. for either of the adult kids.
I think I have thought of POA as being for when someone is "incompetent" or no longer able to manage things, but was trying to come up with a solution for her just not wanting to do it...