Is an Agent Under a Power of Attorney Entitled to Compensation?
My wife and I have are agents under my 86-year-old mother's durable power of attorney. We are her primary caregivers becau...
Read moreThere is no hard and fast answer to your question. For tax purposes, people often recommend keeping seven years of records. For Medicaid purposes five years is enough, as you are doing. In terms of your siblings, it would be best to ask them. These days most of the information is available online, so you shouldn't need to save more than seven years of records -- and five years should be fine. If your siblings want more, perhaps you could send the statements that are more than five years old to them to review before they discard them if they choose.
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My wife and I have are agents under my 86-year-old mother's durable power of attorney. We are her primary caregivers becau...
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I am an agent under my mom's power of attorney. Do I have the power to gift money in her place?
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I have dual power of attorney for my father. At this time there is no beneficiary on one of his life insurance policies an...
Read moreMedicaid Rules, etc