Re: Another Elder Law Question
by no means a legal mind here. my experience in florida as legal guardian is that we've had no problem with accounts but we are very limited in how we can move money.
for sentimental reasons we've kept mom's house for her just in case "they" find a cure and can rebuild the 80% of my mother's brain which is surely gone by now. for more practical reasons we'd take a huge capital gains hit to sell before death which is likely around the corner.
the cash is all handled through guardian accounts with a national bank. florida had a history of relatives and others fleecing the elderly infirm and so holdings are limited to safe investments and strictly monitored.
so we haven't managed to grow investments much but we have been able to sustain the original capital pretty much intact minus i think less than $200k over five years.
so i guess my point being that even given guardianship, never mind just poa, there are limits and so, as you are discovering, you might not be able to freely function with their money as you can with your own.
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901