What to do if I hold a joint checking account with my mother but she is becoming incapacitated?
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What to do if I hold a joint checking account with my mother but she is becoming incapacitated?
Only her name is on the checks and statements. We place her deposits in there and I can access it online. In the event she bcomes fully incapacitated or passes, will I still have access to the account? Can I deposit her checks into it for her? I do hold her power of attorney.
Asked on April 16, 2013 under Estate Planning, Maine
Answers:
Victor Waid / Law Office of Victor Waid
Answered 11 years ago | Contributor
Change the account immediately to have you placed on the account as a joint tenant, so when she does pass, you survive to the account; the bank my accept your power of attorney, but I doubt it. The alternative, is to have the account payable to you on death as a beneficiary.
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