To Top

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

Ad
We are giving away $200 in Amazon gift cards for people who answer questions on ThriftyFun in February! Click here to find out more...

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!

August 11, 20100 found this helpful

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

ReplyWas this helpful?Helpful? Yes
Anonymous Flag
August 13, 20100 found this helpful

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.

ReplyWas this helpful?Helpful? Yes
August 14, 20100 found this helpful

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.

Ad
ReplyWas this helpful?Helpful? Yes
August 14, 20100 found this helpful

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.

ReplyWas this helpful?Helpful? Yes
August 15, 20100 found this helpful

No they don't, unfortunately!

ReplyWas this helpful?Helpful? Yes
August 16, 20100 found this helpful

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.

ReplyWas this helpful?Helpful? Yes
September 4, 20100 found this helpful

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

Ad
ReplyWas this helpful?Helpful? Yes
We are giving away $200 in Amazon gift cards for people who answer questions on ThriftyFun in February! Click here to find out more...

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!

Related Content
In This Guide
Power of Attorney
Responsibilities of a Power of Attorney
Categories
Budget & Finance AdviceAugust 11, 2010
Guides
A pencil and the word legal written.
Power of Attorney and HIPPA Rights
Couple getting SSI help.
Finding a Good Social Security Attorney
Brief case with a power of attorney in it.
Can I Get My Friend's POA Changed?
Power of Attorney
Duration of a Power of Attorney
More
👒
Mother's Day Ideas!
🐰
Easter Ideas!
Facebook
Pinterest
YouTube
Contests!
Newsletters
Ask a Question
Share a Post
Categories
You are viewing the desktop version of this page: View Mobile Site.
© 1997-2017 by Cumuli, Inc. All Rights Reserved. Published by . Page generated on March 23, 2017 at 11:21:26 AM on 10.0.2.61 in 1 seconds. Use of this web site constitutes acceptance of ThriftyFun's Disclaimer and Privacy Policy. If you have any problems or suggestions feel free to Contact Us.
Loading Something Awesome!