Parents cannot legally do things such as take money out of a bank account to pay bills or make medical decisions, if necessary.

Therefore, how do parents get that legal authority?

The young adults in their life should sign powers of attorney giving them (or someone else) the ability to manage things, in the event there is an accident or illness causing incapacity.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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