What is the name of your state (only U.S. law)? Michigan
I have POA for my mother and we now have a joint bank account (after my father died, we set this up). I am executor and the sole benefactor - I am an only child. Can I use the money in this bank account for whatever I want without the bank questioning me? When I help her sell her home, can I transfer that money to my own bank account? She has investments at another bank - can I transfer those over to cash and put them in our join bank account in order to avoid probate? Thanks.
I have POA for my mother and we now have a joint bank account (after my father died, we set this up). I am executor and the sole benefactor - I am an only child. Can I use the money in this bank account for whatever I want without the bank questioning me? When I help her sell her home, can I transfer that money to my own bank account? She has investments at another bank - can I transfer those over to cash and put them in our join bank account in order to avoid probate? Thanks.