dottiejane Posted July 21, 2022 Report Share Posted July 21, 2022 ISince I moved here on May 1 as a single woman, I havemade all of the necessary arrangments r creamtion etc but I stil do need someone who has power of attorney to access my money in my schwab account should I become incapacitated and am unable to do so. I have no family or friends here to list as POA and am wondering who does that - a notary -lawyer, etc. My POA in CA has no authority here in Mexico as I undestand it . Appreciate guidance on this last link . Thanks. dorothy slater Quote Link to comment Share on other sites More sharing options...
Natasha Posted July 21, 2022 Report Share Posted July 21, 2022 (1) Schwab....... some foreigners here give a trusted person location and PIN of their debit card, to be used for just that purpose. Of course you'll have to make a friend first. If your POA in California covers Schwab account, then whomever has access in same kind of case can still do it and arrange to get funds to doctor/hospital/ etc. becasue Mexico has no influence over an an American POA at an American bank. (2) Being here alone, you should consider a Mexican POA (like health power etc) and only a Notario can do that. How much power you wish to confer in other areas would be discussed with same. Pretty sure you could name a family or friend in U.S. to be that Power but they may (?) have to come here to exercise certain rights. Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 21, 2022 Author Report Share Posted July 21, 2022 thanks for replying. However, have only been here for three months and as yet have not found a trusted freind - one has to have a lot of trust before giving access to your debit card. I will try the notary route since i have to make sure this is taken care of sooner rather than later and a US friend is also not a possibility for the reason you stated. I am sure I can't be the only one in LC with a similar problem so there must be a way. Quote Link to comment Share on other sites More sharing options...
Floradude Posted July 22, 2022 Report Share Posted July 22, 2022 Get a Notario (super attorney) have him draft your will. Then ask him your questions. Perhaps he could be your trusted person. 1 Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 thanks - am going to do that- will get the notario who handled my immigration finale - Quote Link to comment Share on other sites More sharing options...
catbird Posted July 22, 2022 Report Share Posted July 22, 2022 22 hours ago, dottiejane said: ISince I moved here on May 1 as a single woman, I havemade all of the necessary arrangments r creamtion etc but I stil do need someone who has power of attorney to access my money in my schwab account should I become incapacitated and am unable to do so. I have no family or friends here to list as POA and am wondering who does that - a notary -lawyer, etc. My POA in CA has no authority here in Mexico as I undestand it . Appreciate guidance on this last link . Thanks. dorothy slater I don't know if this would meet your needs but you can go online to your Schwab account and download a form to designate a beneficiary. They will distribute your funds to whomever you want upon your death. No need for power of attorney. It's pretty easy. Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 I have the beneficiaries all named and settled - my problem is getting cash out of my account while living here in mexico should, i god forbid ,have a stroke and not be able to get to the atm myself . i have gotten all kinds of advice - one being that i sign up now with a nursing home/assisted living place and give them the POA now so that should I end up there, they could get paid - that seems a bit bizzare to me - - i hate to always think about the worse possibilities but in my situation i have to be prepared and that is what i have to do - as I said i have all the beneficiaries listed and if I should go quickly to wherever it is we go, i am covered with a simple death certificate going to scwab, vanguard and my annuity - - it is the" lingering" that is a problem. When I was in the states, I had a good friend as the power of attorney who could handle this -she is not able to be the POA here in Mexico - Quote Link to comment Share on other sites More sharing options...
Expatgringo Posted July 22, 2022 Report Share Posted July 22, 2022 I believe the form indicates that your principal residence needs to be in the United States. Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 i am using my daughters address in denver - schwab does have an international division i believe whch i will have to check out - the money thing has been the most complicated =and the biggest mistake was not to keep my us number - i think there is way to get one but i haven't figure that out yet - because the security everywhere no needs to send you a code to your phone or test and i can't do either it becomes a question of calling the 800 number which presents another whole boatload of problems - should have moved to miami - but i will would have had to learn spanish!!!!!!! Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted July 22, 2022 Report Share Posted July 22, 2022 As much as you would like to have all your I dotted and ts crossed,There are some issues that are not feasible for you situtation. Regardless what you may told by a Notoria t is or other expert, you best get a trusted friend or relative on you bank account. If you do not have either, then sadly your screwed, and Mexico is not for you 2 Quote Link to comment Share on other sites More sharing options...
bmh Posted July 22, 2022 Report Share Posted July 22, 2022 Scwab has an international division , I have an international account with no US address .Not that I recommend it but that is what I have. Quote Link to comment Share on other sites More sharing options...
bmh Posted July 22, 2022 Report Share Posted July 22, 2022 Can you daughter access your schwab account? Open a bank account in Mexico and have your daughter send money or do it yourself to your Mexican bank when you want it so you can limit the access to your fund in general.It is easy to transfer finds from Schwab to another bank including a Mexican bonk. While you are well you can withdraw with your Schwab card but if you are not your daughter can control what goes into Mexico and check the withdrawls. DO not give a POS to a nursing home, that is crazy.. You could do automatic basic payments to them but do not give them POA 3 Quote Link to comment Share on other sites More sharing options...
Natasha Posted July 22, 2022 Report Share Posted July 22, 2022 2 hours ago, dottiejane said: ......- should have moved to miami - but i will would have had to learn spanish!!!!!!! Whoa!!! How to insult the culture and people of the country you chose. 🤥 1 1 1 Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted July 22, 2022 Report Share Posted July 22, 2022 3 hours ago, dottiejane said: i am using my daughters address in denver - schwab does have an international division i believe whch i will have to check out - the money thing has been the most complicated =and the biggest mistake was not to keep my us number - i think there is way to get one but i haven't figure that out yet - because the security everywhere no needs to send you a code to your phone or test and i can't do either it becomes a question of calling the 800 number which presents another whole boatload of problems - should have moved to miami - but i will would have had to learn spanish!!!!!!! Actually there is more Spanish spoken in Miami than at Lakeside. If you cannot speak Spanish in Miami you have difficulty getting a job!! 1 Quote Link to comment Share on other sites More sharing options...
bmh Posted July 22, 2022 Report Share Posted July 22, 2022 depending on where you are in Miami obviously. I take the comment as an off handed a tongue and cheek comment not as an insult to anyone . It is not a bad idea to learn Spanish if you live in a Spanish speaking are no matter where and although Lakeside may seems to be an English speaking area it is not, when you scratch the surface.and there are instances when you could be sorry you do not speak Spanish. Quote Link to comment Share on other sites More sharing options...
Jim Bowie Posted July 22, 2022 Report Share Posted July 22, 2022 3 hours ago, dottiejane said: i am using my daughters address in denver - schwab does have an international division i believe whch i will have to check out - the money thing has been the most complicated =and the biggest mistake was not to keep my us number - i think there is way to get one but i haven't figure that out yet - because the security everywhere no needs to send you a code to your phone or test and i can't do either it becomes a question of calling the 800 number which presents another whole boatload of problems - should have moved to miami - but i will would have had to learn spanish!!!!!!! Just a FYI from my experiences here: (1) I have seen a Notary that was given POA by a resident like you, clean out a nice house and take the 3 cars (2 antiques worth lots of money)(I'm sure clean out the bank accounts here BEFORE he notified the family NOB. (2) I keep a prepaid, cheap, at&t telephone bought at WM NOB where I put $25 every 3 months on it to use for those bank security messages. Seems a cheap and convenient way to manage that problem. (3) Here, you know no one and please don't place your trust and your life in the hands of someone so sweet and caring that you are not 100% sure about. Remember you are in Mexico, not Kansas. Don't get in such a hurry that you just accept anyone or anything. Unless you are on the verge of Hospice Care, you will have time to do it correctly. BELIEVE ! Best wishes. 2 1 Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 thanks for the excellent advise which i will take of course - the phone would also save me a ton of frustration but what i WMNOB - that i haven't heard before - d Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 55 minutes ago, Natasha said: Whoa!!! How to insult the culture and people of the country you chose. 🤥 oh dear i suppose if you knew me personally and didn't make assumptions you would know that - i certainly meant no isult to either the people or the culture - am not sure how you got that but guess this is the world we live in these days - in my day that would have been taken as a joke - but even dave chappelle has trouble these days . 2 1 Quote Link to comment Share on other sites More sharing options...
dottiejane Posted July 22, 2022 Author Report Share Posted July 22, 2022 for all of you who think I am insulting the culture and do not want to learn spanish - be calm - It was a little joke told me by a Miami resident I met here --I didn't take it as an insult coming from her and never thought it would be considered one on this weboard. and I am studying spanish as we speak. There - am I allowed to post again - hope this doesn't get like twitter . 4 Quote Link to comment Share on other sites More sharing options...
Natasha Posted July 22, 2022 Report Share Posted July 22, 2022 1 hour ago, dottiejane said: oh dear i suppose if you knew me personally and didn't make assumptions you would know that - My sincere apologies DJ. Sadly there are FAR too many foreigners here who neither want to / try to learn the language. In our over 2 decades here the worst are the ones who say "..... I've been here xxx years and I've NEVER learned a word of Spanish.... and why the he** should I?" (always with an arrogant tone) So yes, I did jump to a conclusion. Felicidades on your Spanish lessons y ¡¡que tengas MUCHO éxito!! 2 Quote Link to comment Share on other sites More sharing options...
Jim Bowie Posted July 22, 2022 Report Share Posted July 22, 2022 2 hours ago, dottiejane said: thanks for the excellent advise which i will take of course - the phone would also save me a ton of frustration but what i WMNOB - that i haven't heard before - d WM- Walmart NOB- north of the Border (the US) Quote Link to comment Share on other sites More sharing options...
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