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