Parents designated a small account ($4k) as POD to me, in 1999. They didn't tell me until recently when they made me their Dpoa & Executor. However the prior Dpoa & Executor knew about this account, didn't like it, and was apparently always telling my parents that was not fair. But my parents wouldn't budge and kept it for me. The parents lawyer is now claiming that at some point, one of the folks had said they wanted to change the POD. But my parents still did not budge. I am upset that lawyer sent an email describing the finances, to all the siblings, and also made a statement about this 25 year old account as if it would be "changing", since my parents have not changed it. Now since I am Dpoa and Executor, should I be afraid of sibs saying that account should not go to me?
The best situation would definitely be for this money be spent on parents!
It does not matter how long the account has been POD!
Yes, the best solution would definitely be for the money to be spent on your parents' care.