As her POA, I have managed my 92-year-old mother's business for the past 2 years. She had placed me as joint owner of her bank account and had a will and POA in place. I placed her in a memory care unit of an AL 2 years ago.
My brother and only remaining sibling just passed unexpectedly. Should something happen to me, what can I do now to insure management of her care continues?
But I don't know how I could pass along the ability to step in and manage mom's business (pay her monthly care, etc.) as I am doing as POA.
I'm sure, as suggested, it should be done by consulting an attorney. I hesitate because of expecting exhorbitant fees. Four years ago I was told it would be $360 just for a consult! Imagine the cost of the finished product!
Thanks for your responses.
You don't have to be a family member to have POA. It just usually works out like that.
A close friend? A close neighbor? It's unusual (though not impossible) to be totally w/o friends or family. I often think of my MIL who truly has NO friends. She has alienated everybody she ever knew. Doesn't speak to her 2 sons (one of which is my DH). She does have a daughter and luckily, they are on excellent terms. But, if she didnt' have this daughter, she would be in the same position as your mom.
It certainly is worth a try.