What do I do if my father wants to appoint me as his power of attorney?

What do I do if my father wants to appoint me as his power of attorney?

He currently can make decisions for himself but is in poor health. He is under the assumtion that by appointing me power of atttorney that if something happens to him I will then I would be the reciepient of bank accounts as well as his other assesets. I keep telling him that isn’t true since he has a wife my (stepmother). I told him that I thought if something happens everything would eventually go to her and the POA expires when something happens to him. Is this all correct?

Asked on March 10, 2013 under Estate Planning, California

Answers:

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