Power of Attorney abuse Tag

A Massachusetts court of appeals has recently ruled that a gift of $5.576 million dollars by agents to themselves under a power of attorney was made in good faith. Frances Fern had a roller coaster relationship with her 4 children – Frank, Tony, Chris and Tracey. ...

A financial durable power of attorney gives an agent authority to make financial decisions on behalf of the principal (the one giving the authority).  However, sometimes the agent exceeds the authority granted by the principal.  The repercussion may be greater than the agent may realize. Facts: Son,...