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Reply to "I got POA of mother because brothers are Aholes!"
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[quote=Anonymous][quote=Anonymous]OP here. I added myself as joint owner to her account yesterday, ordered a debit card and blocked access to my brothers. The AL ach payments come out of here and I will pay her private care out of here as well. No need to send invoices to my brother and get snarky comments back. I’ll use the debit card for her meds and necessities. I will send them the monthly statements. I was on my way to her other bank to do the same but I was having so much anxiety I went home. My DH told me I need to do the same with her other bank asap. I decided that I will just add my name to that account as a joint owner and leave access to brothers. It’s her large savings acct and I don’t want to create a huge battle. At least I can view the account and transfer money to her other acct when it gets low. She has about 8 months worth of living expenses in the first acct I took over. My DH thinks my brothers might transfer that money to a different bank once they find out I took over the other acct but as POA/joint owner they will need my permission. I believe one of the biggest reasons my brothers are acting this way is because they’ve worked with my mom for years and I haven’t. They’ve had so much control over my moms moneys and investments they want to show me who’s boss. It’s probably 50% macho 50% greed. I’ve had to instill in my moms head that it’s HER MONEY and she can afford the best care possible. If my brothers took over her care she would probably live another year or two at the most. Under my care with med management, constant supervision fall prevention, she will possibly make it to 90! Her mom passed at 97. She is still beautiful, full of life with a wicked sense of humor. The day she moved into her AL, she introduced me as their new resident and turned around with her walker and tried to leave! :lol: :lol: [/quote] Does the savings account have a limit to how much can be transferred/withdrawn within a set time frame? This may be something you can ask the bank to add if it is not already limited; or perhaps they could be required to call you for approval for funds withdrawn/transfered. I know you want to avoid conflict, but why are multiple people even on her personal savings account? 8 months of funds is great but really not a lot when you consider how much time she may have left. [/quote]
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