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