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Reply to "reimbursements from parents?"
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[quote=Anonymous]How is the money invested in Vanguard? It may not be as simple as writing a check (funds may need to be sold, which could have tax implications for your parents, as mentioned above). If it’s just in a money market account, no big deal, but if it’s in stock funds bought many years ago, selling will trigger capital gains. Also,Vanguard may have its own process for POA (might not accept the form you have). Even with POA you need to call every bank and work through this. One more thing. Get something in writing, ideally from a lawyer but at a minimum signed by your parents, that explains this is reimbursement for money you paid, and not a gift to you. If your parents do run out of money, it could stand in the way of them qualifying for Medicaid if there is no paper trail. [/quote]
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