What is correct form to obtain needed financial access to my mother’s IRA accounts?
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What is correct form to obtain needed financial access to my mother’s IRA accounts?
She may need more expensive senior care. Is a Durable Power of Attorney form the correct form?
Asked on March 13, 2018 under Estate Planning, Missouri
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
A Power of Attorney which authorizes you to have access to your mother's accounts and make financial decisions for her is what you will need.
The Durable Power of Attorney is not applicable because that is for making health care decisions.
Your mother will need to sign the Power of Attorney in the presence of a notary.
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