Mums in hospital and banks won't talk to me
Description
"The bank won't talk to me about Mum's accounts."
Without the right legal authority, banks, super funds and even hospitals often can't speak to family, even when you've been helping for years.
Make sure both are covered:
Financial Power of Attorney: bills, bank accounts and investments
Medical Power of Attorney: health and care decisions
Both need to be set up while your parent can still make their own decisions.
Have the conversation now, while everyone is well.
Have you talked to your parents about this yet?
General information only. The names and forms for these documents differ by state. Please speak with a solicitor.
#ageingparents #powerofattorney #sandwichgeneration #familyfinances #consortiumprivatewealth
The information provided in this article is general in nature only and does not constitute personal financial advice.