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To make certain the attorney-in-fact can account for all the funds handled by the attorney-in-fact on behalf of the principal. To make certain there was no abuse of power, self dealing or mishandling of funds. There should always be a detailed record of everything that came in and everything that went out with corresponding receipts. If there is money missing that cannot be accounted for the AIF can be held personally liable.
Wiki User
∙ 14y ago
Wiki User
∙ 8y agoThe executor of a will should audit the actions of the power of attorney. And the court has the ability to review the records.
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How does the power of attorney assign an executor to and estate?
A Power of Attorney is extinguished when the principal dies. The attorney-in-fact has no power to do anything. The probate court appoints the executor or administrator for the estate.
I have the power of Attorney for my mothers real estate and she died do I still have power of attorney?
A power of attorney terminates when the principal dies. You need to petition the probate court to be appointed the representative of her estate.
How do you get a power of attorney for a deceased sibling?
A power of attorney represents a living person. After their death, you would apply to be executor of their estate with the probate court.
How do you transfer stock when the owner is dead and left a power of attorney?
The power of attorney has no value. The probate court will have to appoint an executor for the estate, who can then transfer the stocks.
How do you get power of attorney for your mum now she has just died?
You don't want a power of attorney. You want to request a letter of authority as executor from the probate court.
Can you get a power of attorney for a dead grandson?
No. The power of attorney comes while the person is alive. You need to go to probate court and become executor of his estate.
Who pays for the bills of a person who has no power of attorney written and is in a coma?
The person appointed by the court to do so. The probate court can grant the power of attorney for this person.
Getting power of attorney after parent is dead?
You can't. Power of Attorney is only for people who are alive. You can however petition to become the executor of that person's estate.
How do you get power of attorney of a son that is seeing a psychiatrist every three months?
A power of attorney can only be granted by the subject. A probate court can grant a conservatorship or appoint a guardian.
How do you gain power of attorney of your dads estate without a power of attorney?
A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.A power of attorney is executed by a living person who wants to appoint an agent to act for them. If your father is deceased you need to petition the probate court to be appointed the estate representative.
What to do if my mother died and appointed my sister power of attorney and she did not give me no money?
Power of attorney ends at death. Seek a probate attorney the estate would have to be shared with the remaining benaficiarys if no will or trust is in place.
How does a benficiary of one who is deceased obtain power of attorney?
A power of attorney can only be granted by a living individual. You want to be appointed executor of the estate, apply to the probate court.
