Durable powers of attorney can sometimes be abused and lead to theft or waste of the principal’s assets. If your loved one is a victim, an attorney can help.
Articles about Power of Attorney
A power of attorney is a common document used in an estate plan. Unfortunately, there are several reasons why this document may be used for financial abuse.
During the probate of an estate, interested parties can petition the court to revoke the will. Minors are given a longer opportunity to initiate this action.
It takes many people a long time to decide to make a list of their assets and create a will to distribute their property among family, friends, or charities after their death. Once the will has been written, however, its author may live many more years.
Your loved one’s estate planning strategy may have included a plan for gifting assets. A power of attorney can be used to continue gifting despite incapacity.
Many people have durable powers of attorney as part of their estate plan. Learn how abuse of this powerful document can lead to court involvement.
During an estate administration, you may need to work with a power of attorney or living will. It is important to understand the differences between the two.
Abuse of a power of attorney could create harmful and lasting damage to your loved one’s estate. Understand the groups of people most vulnerable to this abuse.