To legally take over their finances requires you to be named their general durable (financial) POA. They would have to agree to that and it can be done with an elder care attorney, preferably. You would become their fiduciary which means all of the financial decisions must be made in their best interest. It becomes effective on the date it is signed. Discuss with them the benefits of your managing their finances.
But don't stop there. Create a healthcare POA also which will allow you make their medical decisions when they are unable to.
If you are already their POA, you already have the authority to manage their finances.
But don't stop there. Create a healthcare POA also which will allow you make their medical decisions when they are unable to.
If you are already their POA, you already have the authority to manage their finances.