One of the fundamental recommendations of managing your own and elder parents' financial affairs is to make sure Powers of Attorney are current and properly prepared. It was my impression this document would make sure I could deal with managing my elderly Mom's financial issues and other needs when the need arose.
Apparently NOT!
Check out this link Health | How Social Security, IRS handle durable powers of attorney | Seattle Times Newspaper for a valuable discussion of just what your POA is good at. There is another link i this article for a download for POA that is also worth visiting for more detail for a "Questions & Answers" pamphlet about DPOAs
Apparently some banks are resisting recognizing legal DPOAs. Wash State now has new affidavit that if completed will result in such behavior being penalized--but it is another document. Social Security wants to do their own thing as well.
nwsteve
Apparently NOT!
Check out this link Health | How Social Security, IRS handle durable powers of attorney | Seattle Times Newspaper for a valuable discussion of just what your POA is good at. There is another link i this article for a download for POA that is also worth visiting for more detail for a "Questions & Answers" pamphlet about DPOAs
Apparently some banks are resisting recognizing legal DPOAs. Wash State now has new affidavit that if completed will result in such behavior being penalized--but it is another document. Social Security wants to do their own thing as well.
nwsteve