POA Question

[KathyBrian]

Jurisdiction

Arkansas

Hi -

I have POA for my dad. My mom passed away last year. I pay all of dad's bill etc. and keep a sound paper trail.

I have an estranged sister who has become more estranged since mom's passing.

I have a brother who is a convicted felon for theft and has stolen from my parents in the past and also stole their identity for credit cards.

I was able to get involved with their finances and get everything straighten out and got them back on sound financial footing.

My dad is still very active with a sharp mind.

He has mentioned on several occasions that if my family (spouse + 2 teenage boys) ever need anything to just transfer funds; i.e.- for summer camp, travel, etc. I have been hesitant to do this because I do not want to appear that I am abusing the POA.

However, given the distance my siblings have become - I am considering to take him up on his offer.

Is there any documentation you would recommend to make sure the paper trail and his intent are on solid footing?

Thanks - KathyBrian

 

[zddoodah]

Is there any documentation you would recommend to make sure the paper trail and his intent are on solid footing?

Since your father "is still very active with a sharp mind," why do you have the POA? Is it just a matter of convenience?

One thing to keep in mind is that you having the POA doesn't prevent your father from doing things himself. If he wants to give you a monetary gift, he can do it himself, and that would be far better than you doing it using your authority under the POA.

 

[Zigner]

However, given the distance my siblings have become - I am considering to take him up on his offer.

I don't see how your siblings' behavior and your consideration of accepting a gift from your father are related.

In any case, I agree with zddoodah except I will go even further and actually urge you not to use the POA to give yourself gifts from your father.