What is the Liability for a Power of Attorney
My husband was chosen to be Power of Attorney over his mom who lived with us 7 1/2 years. Upon her death his brother wants a listing of every cent spent during the past 7 1/2 years. Does he have to give his records over? Or should he wait for his lawyer to request the records? Does he have to give account for every cent spent?
Asked on 10/11/06, 11:14 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: What is the Liability for a Power of Attorney
The holder of the Power of Attorney has a fiduciary duty to the grantor of those powers, and may have to account for expenditures to the grantor or someone with legal standing to represent the grantor. I do not see where the brother has standing to assert his demand.
Answered on 10/12/06, 1:19 pm
