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I keep a yearly spreadsheet listing dad's monthly expense signed by him, witnessed by doctor or notary . Is this strong enough evidance for a future dispute?

Since the question "Does an Executor have the right to request financial records of the POA" comes up a lot, I looked it up. The answer is yes. I asked if beneficiaries have a right to POA financial records and the answer is no, they need to go thru the Executor. It does say that family can request, thru the court, financial records of the POA.
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Who do you think will dispute you? If Medicaid, all they require is 5 yrs of bank statements. They look for large amounts being spent and want to know why. So you need to keep receipts to. I paid all my Moms bills by check so they showed up on her bank statement. All Dads money has to be spent on Dad. He can't give a large amount of money to anyone. Can't loan money.
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billyb7777 May 29, 2026
possible family after he gone. all documented bills pse,g cable ins taxes medical water house maintance and huge heating oil bill leaves about $ 400 a month left over. any sane person will realize that doesnt cover food and household items , clothing in N Y therefore i have been just keeping a spread sheet i kick in $300 or so a month not looking to get it back just covering myself future if questioned
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The IRS and Medicaid won't care about any of that, only actual receipts that match transactions to the penny, and this includes any money that is exchanged between you and your Dad. It needs to be explained and matched with receipts.

This is one good reason to pay all his bills with a credit card and to be joint on his account. Set up an online banking portal and you can pay some of his expenses through direct pay, some through cc. Then you don't have to keep a spreadsheet.

Since Medicaid is a government agency that has to look at finances for people who are applying, they are similar to the IRS.

Make sure your Dad has a pre-paid funeral policy, which is allowed by the IRS. If it is an unground burial there is a limit. My MIL has a cremation policy (very basic one) that was $3600.00. Worked very smoothly. The options vary by state.

If your Dad has any cognitive decline, him signing anything financial probably won't hold any legal water. When a person assigns a PoA for themselves, it's the attorney who privately interviews them to assess their legal capacity. I hope your Dad has made you his durable financial PoA. His doctor only needs to be concerned about medical PoA, not financial.

FYI if you're worried about family questioning your management, then for sure you need to become his DPoA. A PoA is not obligated to reveal anything to others that he is doing serving in this role -- only to a judge should one ask. So, if you're worried about being protected, then your Dad assigning you as his legal financial and medical PoA would be a critical step. After that, Medicaid qualification becomes a goal as many elders end up needing it to cover their LTC in a facility. The lookback can be 5 years depending on what state he lives in. You should consult with an elder law attorney to know what proper management looks like to the legal world.
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billyb7777 May 29, 2026
i am poa
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