jamestkirk
Registered User
- Messages
- 52
Thanks a million, really appreciate the response.I was in this position a few years ago, we put in place a PoA whilst she was in the position to sign the relevant papers and that then allowed myself and my sister to mange her bank accounts, pay the bills etc etc. I'd recommend more then one person having the PoA and the ability and access to the accounts since it can help stop rows. Also make sure all other siblings are aware it is in place. The bank will have forms etc for you to sign to allow you get this access once the PoA was signed but ours were in Bank of Ireland and we found the local branch very helpful
Joint bank account is not needed and can open all kinds of questions around Tax, Fair deal etc
Thanks... I take it by going the joint account route means you have simpler access and you can forgo the EPOA / POA. Cheers on the tip regarding the Agent, sound advice.Theres a difference between an Enduring Power of Attorney and a regular power of attorney.
A new process was introduced this year & I'm more familar with the old one, so do your reading on that.
Plenty of people have gone for the joint account route.
You might also find it helpful to have your parent set you up as an agent on the various utilities, insurance etc., so you have the ability to follow up on any queries or issues on your parents behalf.
I am set up as agent for both my parents on most of their accounts and its very helpful, especially if your parents are prone to becoming confused.Theres a difference between an Enduring Power of Attorney and a regular power of attorney.
A new process was introduced this year & I'm more familar with the old one, so do your reading on that.
Plenty of people have gone for the joint account route.
You might also find it helpful to have your parent set you up as an agent on the various utilities, insurance etc., so you have the ability to follow up on any queries or issues on your parents behalf.
Depends on the bank.how to you sidestep the two-factor authentication
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