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Eldercare
Reply to "How do you officially manage your parent's money?"
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[quote=Anonymous] Well, we already have a blanket POA document drawn up by a lawyer years ago. Is that enough? I already do the taxes, meet with the financial advisor, and pay the bills. One bank said they have their own POA form and suggested I fill it out, have it signed by parent, and get the form notarized. But can the POA form from the attorney do the trick? The financial advisor was fine with the POA form drawn up by the lawyer. Taking care of the financial affairs is already a lot without adding more paperwork. [/quote]
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