Power of Attorney/Attorney-in-Facto:
"Is a family member who is a sole POA for a parent required to keep other family members abreast of financial standings? They are not on the POA. Isn't this a privacy issue that only by court order can be released? Please help."
1 Answer from Attorneys
POA is a great way for a parent to have a child help run things for the parent. There is no duty for that child to tell the other children what is going on.
However, I have been involved in several court fights between family members where some of the children do not know what is going on and end up fighting in court. Expensive, everyone gets angrier. Bad.
Call me to get some good legal advice. I can help you with this.
Robert Davies, Attorney
201 820 3460