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Originally Posted by jodi
Ok, just finished the health care proxy and living will tonight. They are signed, witnessed, and going into the safe (my husband and parents are aware of them - do I need to get a copy to my MD as well?).
Here's my question - I asked my parents (my financial mentors) about getting a power of attorney. I would list my husband as POA. They don't think we need one as everything we own is owned jointly. I wouldn't need a POA to access the checking and savings accts, for example. So would this benefit us at all and should we pursue it? Or should I perhaps think of getting a POA listing one of my parents should anything happen to both DH and myself?
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you might want to talk to the bank and see what they recommend. i have heard cases where a joint account has been frozen in the event of the death one of the account holders.