What are advantages and disadvantages of having siblings
Yes, siblings can vote on appointing a new power of attorney but depending on the situation, a lawyer or judge will have to be involved in the final decision. This is to determine which person is best for the group of siblings.
A person can choose whoever they want as their attorney-in-fact. There is no legal order they must follow. It is the free choice of the principal as to who they name as attorney-in-fact under their Power of Attorney document.
Grace Abbott had three other siblings. Her brothers, Othman Abbott Jr. and Arthur Griffin were attorney's. Her sister Edith was a social activist.
You can take the brother to court. It is recommended that you get an attorney in order to make this right. The siblings should get a proceed from the purchase at the very least.
You should consult with an attorney who specializes in probate. The attorney can guide you to perform your duties as the administrator according to the provisions of your state laws.
No. The Power of Attorney expires on the death of the grantor.
They need to collect proof and hire an attorney to sue their sister.They need to collect proof and hire an attorney to sue their sister.They need to collect proof and hire an attorney to sue their sister.They need to collect proof and hire an attorney to sue their sister.
Apply to the probate court for the power. If the circumstances warrant it, they can grant that power.
One of the disadvantages would be being separated and not having everyone together. However, an advantage would be that it enables your family to grow and may give you more siblings/half siblings/step siblings/step parents/cousins etc that love and care about you.
As power of attorney, you have the legal authority to manage your parent's financial affairs. However, if your name is not on the bank account, you may need to present the power of attorney documentation to the bank and follow their procedures to gain access to the account and make withdrawals. It's recommended to contact the bank to understand their specific requirements.
there are many advantages if you will be the YOUNGEST SIBLINGone of it was:You can do what you wantanother one is:Every christmas,you will receive many gifts because eldest siblings has money and no need to be giftedYou can live longer with technologies
Yes, although the POA document should specify if ALL have to act jointly or if any 1 can act alone.