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Adding myself to Mom�s bank account
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First, if you are concerned about taking care of her estate if need be, while alive a Durable Power of Attorney would allow you to sign her checks, transact any business in her name and let you into her safe deposit box as well. Upon her passing if she has a will, and you are the executor, under that term you can still take care of the business of the estate. The will picks up when the P.O.A. does not. This keeps yours and hers separate. Also, if you wish not to deal with probate, you can establish a Family Revocable Trust. You would transfer the checking account and the house Deed into the Trust's name. You would be the Trustee. 'HubOriginally posted by safetybank View Post------------------------------------------If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.
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Originally posted by AngelinaCatHub View PostFirst, if you are concerned about taking care of her estate if need be, while alive a Durable Power of Attorney would allow you to sign her checks, transact any business in her name and let you into her safe deposit box as well. Upon her passing if she has a will, and you are the executor, under that term you can still take care of the business of the estate. The will picks up when the P.O.A. does not. This keeps yours and hers separate. Also, if you wish not to deal with probate, you can establish a Family Revocable Trust. You would transfer the checking account and the house Deed into the Trust's name. You would be the Trustee. 'Hub
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