Full question:
My father-in law's mental state is beginning to deteriorate due to dementia, why would my mother-in law need durable power of attorney if their bank accounts are joint? She already has a patient advocate for health.
- Category: Power of Attorney
- Date:
- State: Michigan
Answer:
Please preview the following form:
http://www.uslegalforms.com/mi/MI-P003.htm
For example, even if they have a joint account, she doesn't have authority to endorse his checks, payable in his name only. Many other situations can be covered, such as taxes, insurance, sale of property, etc.
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