Power of Attorney Responsibilities

Does the person who has POA for a parent, have a responsibility to provide financial reports to the other siblings?

By Loretta from IL

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I beleive the answer would be no. But others might have more info or you may find more info on the internet somewhere. Like Ask.com

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I honestly don't know about legally but morally I think they should! This is a question best asked from the heart or from an attorney.

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Hello,

The answer is yes. Other siblings have a right to know and if you don't provide them with the information, they can take you to court to get any answers they need to know.

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I cant answer legally as I am not a lawyer, but I think if you respect family unity, I would do so. Ask yourself how you would feel if the situation were reversed.

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No they don't, unfortunately!

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I don't know what the legal responsibility would be, but unless there is a greedy sibling trying to get something that does not belong to them, I would share as much info as possible to keep peace.

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No, the person designated with power of attorney doesn't have to provide financial reports.

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Power of Attorney
Responsibilities of a Power of Attorney
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Budget & Finance AdviceAugust 11, 2010
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