So we have a promise that FIL will sign both medical POA and financial POA Friday. My husband has a notary lined up to witness and stamp the papers. Mother in law will also sign but it's pretty obvious to anyone that's around her a few minutes she's got dementia . Anyway I read on here all the time the importance of getting POA. However I'm not really sure what the value of this will be. The medical one will give us an opportunity to have a say in the choices regarding their medical care but only if the spouse is unable to correct? How does the financial benefit us ? We are hoping to be able to figure out their bottom line money wise and get them hooked up with veterans benefits and Medicaid so they can go into assisted living and or memory care. Is POA going to help with these things?
There's even a clause appointing me Guardian and Conservator if any proceedings should be instituted. How that might mesh or conflict with any court action should the occasion arise is something that would have to be determined, but hopefully that situation will never occur.
As I recall there were a lot of issues with your in-laws finances. You could ask yourself after studying the POA whether it grants you the authority you need and want to handle whatever issues are of concern regarding their care. My father's allow me to apply for Medicaid on his behalf; it's also broad enough that I could sign and apply for VA benefits.
So in this in between period I'm keeping things afloat and will have the authority to place them in care or get in home help once they are legally incompetent.
May I ask who drew up the medical POA and the financial POA? Since your husband had to line up a witness [most States require two witnesses] and a Notary cannot be a witness as he/she cannot notarized his/her own signature.