Access to parents funds
If my parent becomes incapacitated (i.e. hospitalized in a coma or moved to a nursing home), how do we (her children) get access to her funds to pay expenses?
Asked on 11/09/07, 1:53 pm
2 Answers from Attorneys
George Zuganelis
Zuganelis & Zuganelis, Attorneys at Law, P.C.
Re: Access to parents funds
You must be appointed guardian of her estate by a court. Or she can add you to her accounts as joint owners. A third way is to have her execute a power of attorney. The last two must be done before she is incapacitated. If she already is, then you must be appointed guardian of her estate and health by a judge. please call for a free consultation.
Answered on 11/09/07, 2:31 pm
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: Access to parents funds
Best is to set up a trust ahead of time.
email me if you have any questions.
Joe Michelotti
Answered on 11/09/07, 3:15 pm
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