Power of Attorney attempted to extract funds from family
Situation: Brother acquired general power of attorney (with wide latitude) over mother under unstable medical conditions. His inattention to her medical welfare (such as withholding medications) and questionable handling of her financial affairs (such as bank balance diminishing rapidly by several thousands in a few months time without explanation, even to the point of overdraft) is suspect. In addition, large balance bank accounts are being closed without justifications. Now he is seeking avenues to acquire money from family member such as creating promissory notes from his mother’s bank records. Family member concerned that brother’s next action might be to attempt garnishment of wages. Q: What steps should family member take to prevent this action and other potential attempts to gain funds. Hoping to avoid guardianship; main concern is current family member financial safety.
Category Archives: Elder Law
power of attorney What, if any, is the difference b/w durable power of attorney…
power of attorney
What, if any, is the difference b/w durable power of attorney and general power of attorney?
Power of Attorney Forms I would like to know if the Medical and the General…
Power of Attorney Forms
I would like to know if the Medical and the General power of attorney forms that are online legal? My mother goes in and out of the hospital from time to time,and she needs me to handle certain financial matters of hers,and i’m wondering if i could use the legal forms that are online and have them notarized by her,and will the General power of attorney be honored at her bank or other facilities?…also,will the hospital honor the Medical Power of attorney after both are notarized?
Thank You!
”Gray Area” using a general power of attorney I have recently obtained the…
”Gray Area” using a general power of attorney
I have recently obtained the poa for my elderly father who has been admitted to a nursing home for a long term stay (probably ”for good”). In examining his assets I see that the monthly cost can be sustained as long as his rate of return is reasonable.
Here is the problem. I recently purchased some property and easily qualified for the mortgage. However when I look at the rate I am paying I would really like my father to get that return instead of the bank.
I understand that loaning money from the principal to yourself is frowned upon and the advice would probably be ”don’t do it!”. However I wonder if it is actually legally forbidden. It isn’t like I am buying myself a Ferrari or anything like that. I qualified for this mortage and am already paying the monthly payments (so this isn’t ”for my benefit”). I would just rather pay them to my father, which would be to his benefit (see above). If I choose go down this road are there steps I need to take to protect myself?
I am the only child and my father is widower. Unfortunately he is not presently able to sign an addendum to the poa.
power of attorney I have a general power of attorney for my aging mother.
power of attorney
I have a general power of attorney for my aging mother. Do I also need a guardianship