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View Diary: I feel I'm letting her down (Update: Mr. Scribe's Okay) (81 comments)

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  •  Make sure the financial institutions you are (7+ / 0-)

    dealing with accept a financial power of attorney that is 3 year old.  My boss, an attorney, just had a client who banks with Wells Fargo, and I don't know if it's just this particular branch or company-wide, but they gave this client a fill-in-the-form power and told him they needed an update every year.  Good luck.

    "They love the founding fathers so much they will destroy everything they created and remake it in Rush Limbaughs image." MinistryofTruth, 9/29/11

    by AnnieR on Mon Apr 22, 2013 at 06:52:23 AM PDT

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    •  Must be that particular branch (1+ / 0-)
      Recommended by:

      because my mom-in-law banks with Wells Fargo and they don't give us any problems. I'll check with them to make sure; that would suck because it would mean a lawyer's bill every year to update.

      There's only one rule that I know of, babies -- goddammit, you've got to be kind. -- Kurt Vonnegut

      by Cali Scribe on Mon Apr 22, 2013 at 09:52:46 AM PDT

      [ Parent ]

      •  Not necessarily (2+ / 0-)
        Recommended by:
        radical simplicity, AnnieR

        Unless you NEED to make changes, you shouldn't need to see the lawyer. An attachment which reads "I have reviewed the attached documents. They continue to be correct and represent my current wishes." signed and dated before a notary public once a year should be sufficient. The bank itself should have a notary or two on staff. Obviously, once she can't make that decision any more, the last review becomes permanent.

        (I'm a physician in New York, we deal with this often with health care powers of attorney documents.)

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