My Aunt's Power of Attorney (POA) sold my Aunt's Manhattan Co-op six months before she passed for $575,000. Records show that the Co-op was still owned by my Aunt and sold with POA acting as her agent.
I am one of three beneficiaries (cousins) to my Aunt's estate. The POA is not one of them. She has hired an attorney to handle the estate details. My cousins and I questioned the attorney asking if the $575,000 is part of the estate. After several months the attorney said NO since the property was not solely in my Aunt's name. Based on records the property never changed hands, but where the cash from the sale went is a mystery.
NY Law states that a POA shall not mix the assets of the client with personal funds. I suspect that a joint checking account which was set up by the POA might be where funds were deposited. My Aunt had dementia so she could not have agreed to this arrangement. The POA could easily paid bills by stating that she was acting as POA without putting her name on the account. All this is specifically outlined in NY State Law.
NY State also has procedures governing Elder Financial Abuse.
In addition POA also had Medical POA. Immediately before her death she was rushed to the hospital for a severe UTI. She was released a few days later. Her aide said she got worse and the facility and the POA would not let her aide call Emergency to transport her to hospital again and she passed in the night without medical attention still in the assisted living!
Needless to say I have grave misgivings about this POA and her attorney.