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[quote=Anonymous][quote] I am about to get POA for both parents, and I am also the executor of their wills. But I am just really not sure if I should be a joint account holder on any accounts. I am worried about liability (someone reaching their money through me), confusion (they still want to handle their money independently), and taxes (I am not in their state, but may have to file if I "earn" interest income - it came up when I still had my own account back home).[/quote]

My brother and are payable on death on one of my mom’s accounts and I am joint in the other. We did that even without poa. The goal is to have access to some money to pay estate fees etc.  Can you look into POD?  Checking account should not have interest or taxes. As for safety, the phone issue/verification is challenging but Bank of America allowed us to have multiple verification numbers so we could both access….now I do all my moms banking  but it was helpful then . I liked it because we had multiple area of eyes and that’s how I caught ongoing fraud activity happening over a couple years (them dementia diagnosis and poa)….[/quote]

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