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Asked in GA May 21, 2022 ,  0 answers
I found out that an elderly friend of mine, age 80, had gone to the bank a few months back to add her son to her account so that he wouldn't have trouble accessing her money once she had passed. She explained to the bank what she was doing about adding his name and that he was not to have any access to her money until she passed they said ok. Well he has now cleaned out her accounts taking pretty much all of her life savings. She is also concerned about him being able to transfer her retirements and social security to be deposited into his account. She is completely comptent and able to take care of herself. She is just curious what recourse she has since she did put her sons name on this account.
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Elder law
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Anonymous
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Posted on / May 01, 2010 06:37:00

She would have to return to the bank to determine what type of account she opened. If she opened a POA without withdrawal rights, she might have recourse against the bank. Also, she can sue her sons for taking money out of the account without her authorization.

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