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Can I add my daughter's or son's name to my bank account instead of having a power of attorney?

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Can I add my daughter's or son's name to my bank account instead of having a power of attorney?

Question: Can I add my daughter's or son's name to my bank account instead of having a power of attorney?

Answer: You can add your daughter or your son’s name to your bank account instead of having a power of attorney however, power of attorney is much more comprehensive than just the writing of the checks out of the checking account. For example you may need to transfer assets, you may need to sell your house, or maybe you need to borrow money, if you are disabled your family cannot just handle all of your financial affairs by writing checks out of your checking account. It is highly recommended that you do have the durable power of attorney in order for your family to handle your financial decisions in the event that you become disabled.


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