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That would be a breach of your fiduciary duties. It may also be considered a criminal act.

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10y ago

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Can the attorney-in-fact under a Power of Attorney use the principal's funds to defend their actions as AIF when their actions have been challenged?

That depends on the situation. If you are found to have violated your legal obligations as an attorney-in-fact the court will not allow you to use the principal's funds to pay for your legal defense. Before you do it you should consult with the attorney who will represent you.That depends on the situation. If you are found to have violated your legal obligations as an attorney-in-fact the court will not allow you to use the principal's funds to pay for your legal defense. Before you do it you should consult with the attorney who will represent you.That depends on the situation. If you are found to have violated your legal obligations as an attorney-in-fact the court will not allow you to use the principal's funds to pay for your legal defense. Before you do it you should consult with the attorney who will represent you.That depends on the situation. If you are found to have violated your legal obligations as an attorney-in-fact the court will not allow you to use the principal's funds to pay for your legal defense. Before you do it you should consult with the attorney who will represent you.


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