Question of the Day on "My Dad was placed in a assisted living home 3 weeks ago, my mom now lives with me. Two questions please. How do I separate their money? And am I allowed to have my mom help pay the bills now that she is living with me?”

Answer:  The best thing to do is to get your Mother (and Dad, if possible) to sign a power of attorney form, giving you the right to handle their financial affairs. If they have a checking account, I suggest you take the executed Power of Attorney form to their bank and become a signatory on their checking account. Once both sign the POA form, there will be no need to “separate” their money.  Hope this helps.

To find  competent, caring elder care professionals across America who are located near You and can help you with your elder care matters, go to: – A FREE online resource to find elder care experts plus elder care information & answers to your elder care questions.

Gregory D. Roberts, CFP, CLU, ChFC, CLTC, EA
Life Solutions
Aiken, South Carolina  29803
Member of the national ElderCare Matters Alliance, South Carolina chapter 

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