Q: Can a Durable Power of Attorney access a ROTH IRA held at Vanguard for health care and living expenses?
Account owner is in memory care.
A: It should if it is drafted and executed correctly. Administrator will probably want an original DPOA, unless you can get them to accept a copy. If not, a conservatorship may be preferable instead of a Declaratory Judgment and Recovery Action where jurisdiction will always be a problem. You must be knowledgeable of the exact IRA Terms, which may contain additional requirements than just wanting to cash it out.
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