Who has legal power to act on behalf of fund?
Who has legal power to act on behalf of fund?
A general power of attorney acts on behalf of the principal in any and all matters, as allowed by the state. The agent under a general POA agreement may be authorized to take care of issues such as handling bank accounts, signing checks, selling property and assets like stocks, filing taxes, etc.
Why do I have power of attorney with my brother?
When I drew a blank I called on the services of Mark – yet even he couldn’t do the trick. Santander was hazy about why I couldn’t have a card. Its main concern seemed to be that, as I hold power of attorney with my brother, he would be entitled to a card, too; so if there was a fraudulent withdrawal it wouldn’t know who to blame.
How did my brother get a PoA for me?
Just three weeks before becoming her POA he took her to his bank and had her sign signature cards with him to open both a joint checking and savings account. She could barely sign her name but it was just legible enough to be recognizable.
Can a financial power of attorney prevent a sibling from seeing a parent?
An agent under a financial power of attorney should not have the right to bar a sibling from seeing their parent. A medical power of attorney may give the agent the right to prevent access to a parent if the agent believes the visit would be detrimental to the parent’s health. Revoking a power of attorney.
How can I Sue my Brother for misusing his POA?
The thought of anyone being aware of what he was doing had him signing on the dotted line in seconds. I became her POA and from that time on I was able to go through every detail of every statement connected to her finances while my brother was her POA.
An agent under a financial power of attorney should not have the right to bar a sibling from seeing their parent. A medical power of attorney may give the agent the right to prevent access to a parent if the agent believes the visit would be detrimental to the parent’s health. Revoking a power of attorney.
What should I do about my brother raiding my mum’s account?
If the bank allows you to do so apply for new with a different pass code Don’t be too sensitive at least let him know that you have discovered what he has been doing, that may be enough to stop him raiding your mum’s account. I have no advice susy, but am so sorry that your brother has done this, and left you with the fallout and the worry.
What should I do if my brother stole from my father’s bank account?
You need to give your brother a copy of the statement showing overdraft and ask him to explain and repay. I am sorry to read of your loss of your father. On top of that, you are also looking after your mother’s welfare, your father’s estate and now you discover that your brother has stolen from your father’s bank account.
Is what your brother has done a criminal act?
However what your brother has done is absolutely morally and I suspect criminally inexcusable.