Power Of Attorney Question In The State Of California?

Question

I currently have power of attorney over my mothers assests with her bank. I went to my local office supply store to pick up the forms and had her sign them and have them notarized. The problem is that my mother has obtained several credit cards through her bank that she got in the mail and now has a really high balance. I was under the impression that if I had power of attorney that she would not be able to have access to get any type of credit through any financial institution. When I called my mothers financial advisor her told me that power of attorney still allows my mom to have access to her account and to take out money. I'm confused, I thought that poa would mean they would have to contact me if she took more money or got more credit. Can someone explain this to me?

Answer 1

A POA gives you the right to access your mothers accounts but it does not prevent her from handling anything she chooses to do herself, the only way to prevent her from accessing her accounts is to go to court and have her declared incompetent and the judge will order the financial institutions to seal her accounts to everyone but you.~