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I am far from an expert on this matter, but if the money was in an account with the mother's name on it and her social security number and the son appears to have a power of attorney to manage it, why isn't the legal owner of the money the mother?  Who signed the ownership forms to open the account?  Financial firms are required to 'know their customer'.  Why wasn't that Mom? 

 

let's say she died and the son is not listed as the beneficiary of the estate.  who gets the money, i.e. could the son say to the beneficiary, "hey that is my money!" and the beneficiary says, "where is the loan agreement? this looks life a gift from son to Mom!"

 

please educate me!