I have a durable power of attorney for my mother-in-law. I want to open a bank account in my town to deposit her checks. She has senile dementia, so she can't sign her own checks. Can I write "For Deposit Only" on them? Also, when I pay her bills, do I sign her name -- and should the account be in her name?
We are setting up a financial power of attorney for my mother, naming me as the agent. Can I be paid an hourly sum for my services, and can I participate in financial transactions that I conduct on my mother's behalf?
My wife and I are planning a trip around the world that will last about a year. We have read that we should make a power of attorney before we go, so that someone can take care of financial matters in our absence. What legal rights would we be giving away? How could this help or hurt us?
My mother-in-law made a power of attorney to give me the authority to handle her finances. I used one of her Visa cards to buy something for myself. I am paying the bill, but she thinks I should be charged in a criminal court. Since I had a power of attorney, wasn't this legal to do?
Can you have a shared power of attorney? My aunt named her son as agent and he misused funds. Then she appointed her nephew and he let her credit rating slip because he did not pay bills in a timely fashion. Now she would like both her niece and nephew to have authority to handle financial matters for her; she thinks this will serve to keep both of them on their toes.
I was taking care of a now-deceased man via a general power of attorney. It has this clause: "This power of attorney is not affected by the subsequent disability of the principal." Most of my advisers say that it is still effective. I want to use it to sell his mobile home. The bank says no. What do you say?
Is there a legal document in which an 80-year-old woman in full possession of all her faculties can designate one, and only one, of her five children to act on her behalf should she become incapacitated? We want to forestall a "committee of five" bickering and arguing on what would be best for our mother if she is not able, physically or mentally, to take care of herself.
I recently retired, and my children and friends keep telling me that I need to create various documents -- like a "power of attorney," or some people tell me a "durable power of attorney." What's the difference between the two? And will these two documents be enough to ensure that someone takes care of both my finances and my medical decisions if I get so sick that I can't take care of things myself?
What if an accident or illness -- or simply the effects of aging -- left you unable to tell your doctors what kind of medical treatment you want, or made it impossible to manage your financial affairs? No one likes to consider such possibilities, but the truth is that almost every family will face this kind of difficulty. Medical and financial powers of attorney can make life easier for you and your family if times get tough.
If you think someone is likely to go to court to challenge your durable power of attorney for finances (sometimes called a financial power of attorney) or may claim that you were coerced into signing it, you can take several steps to head off problems. See a lawyer. You may want a lawyer to review your