Simple power of attorney

Robin9

Mistermeaner wrote: »

... What other factors should he be considering ?

Funeral arrangements - none of us know the circumstances of our death. An outline of his wishes so all the family know helps - burial, cremation, church, choice of music...............

NeilCr

Keep_pedalling wrote: »

He should also appoint more than one attorney in case you pre-decease him or become incapacitated through illness or accident. Attorneys need to be able to act jointly and severally.

While I think this is sensible advice I am not sure it is always practical. A very close 85 year old friend has asked me to be his POA. The other only real choice would be his partner but he does not trust her to make the right decisions financially. So, he is going ahead with me alone. Anyone else is too old and I should underline that she lives separately from him and has her only finances.

He believes we would not agree on vital decisions and that could create an impasse.

While we all have different situations I am certainly gong to stand back and get a clear idea of what the position is before I even consider acting. In any case he is of sound mind now and running his own affairs. So no need to get involved. This s for the future and I think it is important for people to stay in control and independent for as long as possible.

Yorkshireman99

NeilCr wrote: »

While I think this is sensible advice I am not sure it is always practical. A very close 85 year old friend has asked me to be his POA. The other only real choice would be his partner but he does not trust her to make the right decisions financially. So, he is going ahead with me alone. Anyone else is too old and I should underline that she lives separately from him and has her only finances.

He believes we would not agree on vital decisions and that could create an impasse.

While we all have different situations I am certainly gong to stand back and get a clear idea of what the position is before I even consider acting. In any case he is of sound mind now and running his own affairs. So no need to get involved. This s for the future and I think it is important for people to stay in control and independent for as long as possible.

He should try and find another friend to act jointly and severally with you.

NeilCr

Yorkshireman99 wrote: »

He should try and find another friend to act jointly and severally with you.

I understand that but there, really, isn't a practical alternative. His executor, for example, is 92 and he is about to change him. I am 20 years younger and any other friends are of his age or older. He also trusts me - we have a long history. He was my mum's partner for many, many years and we are still close. He knows I'll do it right

Again, the advice of having two is good, It's just, sometimes, it isn't a goer.

Mistermeaner

All good comments 're the poa and detail

The way I have approached this is it to keep the formal doc simple but make sure understand dad's wishes so I can implement them if required
... No need to formalize such details in the poa itself

Keep_pedalling

Mistermeaner wrote: »

All good comments 're the poa and detail

The way I have approached this is it to keep the formal doc simple but make sure understand dad's wishes so I can implement them if required
... No need to formalize such details in the poa itself

That is what we have done. We have 3 attorneys, each other and our 2 children. Your father should appoint at least one more, either in a joint and several capacity with you or in a back-up capacity.

While you are at it get your own drawn up, especially for finances.

badger09

@Mistermeaner

I'm the poster who picked up on the inconsistencies in your 2 threads. Not because I habitually trawl through to check posters' histories:cool:, but because I was the first to answer on your other thread on the previous day.

I'm sorry you if feel you've been interrogated for inconsistencies, but, if you present a situation as fact, you will be answered on the basis of those facts. If those 'facts' are not what they seem, then the answers provided are likely to be less than useful.

I hope you manage to get dad's finances sorted.