Friday, April 13, 2018
Just wondering if anyone has had a problem with authorizing an adult child with a POA (Power of Attorney) for your financial affairs. We are in our early and late 70's and are fully capable of taking care of our affairs.
Adult child thinks they are entitled to speak with our trusted financial advisor and find out what we are invested in, their fees and annuity structures.
This has been a point of contention for the last couple of weeks. Our legal documents, Trust or Wills are not finalized yet, and if adult child is insistent their 50% could drop to 0% and their kids would get everything.
Just want a unbiased take on our situation.