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If you have POA for you parents
07-10-2014, 10:43 AM
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#1
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 433
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If you have POA for you parents
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07-10-2014, 11:02 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Thanks for this--DH is POA for his dad, and I forwarded the article for him to read.
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07-10-2014, 11:25 AM
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#3
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,724
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Another thanks here. Helpful to me (I'm POA ), I'm also forwarding to my brother and also my kids.
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07-10-2014, 02:39 PM
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#4
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
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DW was warned about this by the elder law attorney we dealt with. She always signed her name and then "as POA".
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07-10-2014, 02:57 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,697
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Thanks for the article. I am POA for my dad should he lose his faculties My brother is, too. I'll make sure I forward it to him. My ladyfriend is in the process of obtaining POA for her parents (who are losing their faculties) so I'll make sure she gets this, too.
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
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07-10-2014, 03:26 PM
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#6
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 481
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I recently went through this for my mother (for whom I am POA). She has dementia and last year she entered a nursing home.
Before signing anything, you should also check to see if your state has a preference on how you sign. For example, I sign everything as "MY NAME, as attorney-in-fact for MOTHER'S NAME".
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07-10-2014, 04:08 PM
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#7
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Full time employment: Posting here.
Join Date: Sep 2012
Location: San Jose
Posts: 607
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Quote:
Originally Posted by Walt34
DW was warned about this by the elder law attorney we dealt with. She always signed her name and then "as POA".
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I was POA for my Mom, and would always sign similar to that. When I was signing documents at her bank, and also the hospital prior to her death, both of them said that was a valid way to sign, at least in the state she lived in.
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07-10-2014, 09:35 PM
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#8
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 868
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Had this exact discussion with the local (Michigan) credit union two days ago. Their advice was essentially identical to one in the article: "The best way to separate your responsibility as power of attorney from any personal financial obligation is to sign your parent’s name as the responsible party on the contract, and after that write, “by [your name] as power of attorney,” followed by the date".
The only difference was that the credit union suggested using the "POA" abbreviation instead of spelling it out, unless I liked writing a lot....
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07-11-2014, 07:14 AM
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#9
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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Thanks for this; DW has POA for her aunt.
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