A great reminder from fellow blogger Kay Bransford. Make sure all your bases are covered, because if there is a loophole or opportunity for an error, THEY will find one.

Dealing with Dementia

durablepoaIf you haven’t already faced this, you will find that the Durable Power-of-Attorney (POA) doesn’t work with U.S. financial institutions. At least that has been our experience, and I have heard from dozen’s of others who found the same issues.

Most financial institutions and insurance companies want the POA to be their version.  A court battle would most likely get you what you need, but we all were thinking this legal tool would be easier to use than it has been.

Three months ago we started to pursue filing a lawsuit for guardianship of my parents. After meeting with many professionals and a little soul-searching, we wanted to first exhaust all other methods. We knew our parents would understand the nature of the lawsuit. Our parents were (and still are some days) resistant to any assistance. We had their friends, doctor and the retirement community suggesting that we do something…

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~ by Butch on January 7, 2013.

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