Top View Of Stethoscope,magnifying Glass,plant And Blackboard Wr
119 – How Long Does It Take to Get a Medicaid Decision?
February 15, 2019
Valentine And Marry Concept. Two Red Hearts Couple Lovers For Ma
121 – Do Married People Need Power of Attorney Documents if Everything is Owned Jointly Between Them?
February 20, 2019

120 – Banks and Financial Institutions are Suspicious of Your Power of Attorney

Bank

stone building with carved word bank

Banks and other financial institutions don’t like fraud (that might be the understatement of the year).  There are a lot of stories about people using a power of attorney to steal someone’s money.  If a lot of fraud happens via power of attorney documents then they are understandably viewed with suspicion.  Because of that it may be difficult when the time comes to assist your loved one using their power of attorney.

Understanding this issue and why it happens will make things easier if it happens to you.  While most people do the right thing and help their loved ones there are many who don’t.  The bank or financial institution will probably view you with suspicion until a level of trust is achieved.  Sometimes you might need help from an elder law attorney to get the document accepted.  Either way, give it time and don’t get too frustrated – things usually always work out.

I hope this helps.

Thanks so much for listening.

Casey

Leave a Reply

Your email address will not be published. Required fields are marked *

14 + 5 =