My wife is POA for her grandmother. It's mostly stress free, just routine calls from the nursing home with questions and updates, her grandmother is still of sound mind and able to make her own choices so that's good, but sometimes 'nan asks the home to run things past her to confirm if she think's it's a good decision regardless, so it's all cool.
The POA is handy for dealing with financial matters though as it allows her to not have to take her to the bank every time she wants to do something that would otherwise require her to go...something that is getting more and more challenging with mobility issues and all.
She's also executor. I don't look forward to that process, but her estate is very simple AFAIK, just a few bank accounts with a small amount of cash, some simple investments, and 4 people in the will that each get a predetermined amount of money that is currently set aside already, with any balance of whatever is left over going to my wife.
Her grandmother changed her POA a few years ago from another family member to my wife after there was some major disagreements and questionable decisions made on behalf of 'nan that she didn't always want or agree to and wasn't happy about after the fact, despite her still being of sound mind and able to make her own decisions of course. Thankfully it was all done through her lawyer with "of sound mind and in full agreement of these changes" well documented so that there shouldn't be any issues come the time to execute the will.
The POA is handy for dealing with financial matters though as it allows her to not have to take her to the bank every time she wants to do something that would otherwise require her to go...something that is getting more and more challenging with mobility issues and all.
She's also executor. I don't look forward to that process, but her estate is very simple AFAIK, just a few bank accounts with a small amount of cash, some simple investments, and 4 people in the will that each get a predetermined amount of money that is currently set aside already, with any balance of whatever is left over going to my wife.
Her grandmother changed her POA a few years ago from another family member to my wife after there was some major disagreements and questionable decisions made on behalf of 'nan that she didn't always want or agree to and wasn't happy about after the fact, despite her still being of sound mind and able to make her own decisions of course. Thankfully it was all done through her lawyer with "of sound mind and in full agreement of these changes" well documented so that there shouldn't be any issues come the time to execute the will.
