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My sister is POA for my Father who has dementia. My siblings and I are worried that she is using his money to pay her bills, mortgage, etc. If we request a monthly snapshot of our Father's finances, is she required to provide it to us? If we find that she is not spending his money in his best interest, what can we do about it?

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No. But they are legally obligated to avoid conflicts of interest, and can still get hit with exploitation, etc. If you have evidence of some kind of wrongdoing call adult protective services. Or, maybe, petition the court for guardianship and raise the issue there.
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No, unless the document itself specifically requires that.

What makes you suspect she might be mishandling Father's funds? Do you have some specific evidence? Using his money for herself would be a crime.

Your father apparently trusted this daughter when he appointed her POA, but you don't seem to trust her now. Have things changed? Or was sister always dishonest (in your view) and he was mistaken to trust her?
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POA is actually required to keep private information private.
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I am the financial POA for my aunt. My brother wants to know everything that is going on. He has never paid a dime for anything while my husband and I have invested close to $25,000 to get her into assisted living etc. It takes A LOT of time etc to be a POA and if you want to complain about it, then be prepared to take over. You could not pay me enough money to do this again as it is a tough job......
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As POA, I didn't have to answer financially to my siblings. I'm now the legal guardian of both parents, and I have to meet with the attorney once a year and give a financial report. This report is sent to each sibling by the court. The siblings can question the validity of any money spent, if they so desire. To be honest, I like it this way. Thankfully, I keep good records.
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Does your father live with your sister? Has your sister quit a job to take care of her father? Are you and your siblings participating in caring for your father physically or financially?
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jbleedin, you've gotten some possibly good answers, but also several good questions. I'm curious which of the answers, if any, have helped you in your particular situation. Giving readers a bit more background information might help us provide better answers and advice based on what we've experienced.
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P.O.A.’s do have a very difficult job! My sister and I were appointed by both our parents as their Co Trustees, P.O.A.s and Health Care Protectors. Our mother has dementia and cancer and is 95 years of age. Our brother and younger sisters began requesting information from her estate attorney and he provided it! Now, my brother has taken over as the sole P.O.A. And he and my younger sisters have gone to the extreme of changing the Trusts to benefit themselves in a much greater degree financially!!
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How much does she get paid? How does she get reimbursed for any money loaned for picking up things he needs , gas for running errands or picking up meds, groceries etc. From personal experience the POA didn't get paid and most times not getting reimbursed for everything. If you're concerned and she does get paid pay for a monthly statement or make it part of the job description.
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NO but after your dad passes away the rest of the family can demand an accounting BEFORE estate is settled because if she used the money for herself she must pay it back or it becomes part of her inheritance - I send a statement about once a year to my sister but that is not mandatory just good way to do it - a monthly statement is a time burden that will take up lots of time that she could use for him & she will resent doing it - from time to time a do a full review for my benefit & that's what I send to my sister & that takes many hours to do - I would refuse to do monthly unless ordered to do so by a court & then up the POA fees to balance it out the work involved

BUT she has the right to POA fees which here is accepted at $100 per month per $100,000 of estate or hours that are needed to do work if it is a mess to straighten out - she would also be able to reimburse expenses incurred like using an accountant, hiring people to assist him or installing grab bars in a bathroom [but only if he lives with her or visits regularly] but not to redecorate on his dime & all that must be documented

As mom's POA I spend about 15 hours a week getting app'ts set up, paperwork etc etc etc but I work hard so mom's assets are increasing not decreasing - just under 50% of the fee is spent for expenses I now have that I didn't before I took on this that help me have the spare time to work for her & still have some life of my own - things like a new cell phone at a much higher $$ level [old one wouldn't work inside my brick house], gas for the car, a cleaning lady 2X a month so I can keep up with housework & occationally get something extra done - I'm a senior too with health related issues for my 92 year old mom - this fee helps me feel that I'm not being taken advantage by the situation

Don't feel she is just taking money on whims without any proof - if she is writing cheques to herself then that is a bad practice unless she can back it up - I write cheques to myself only for my POA fees or her petty cash [$200.00 +/-] that I keep in my home for using for her like buying small items she wants like a doughnut or specialty coffee, having her pants hemmed or a wheelchair taxi to take her to the mall

Be careful about slinging too much mud - a small whisper that someone may want to look at her books after your dad dies so she should keep receipts about as much as possible might be the best way to go now - I keep all mom's in a separate bank even the credit card from that bank is just what I need to buy for her but is in my name & I even have "FOR MOM" written across it in magic marker

One way to see for yourself what is being done is to visit your dad regularly, notice what is being done, bought, not bought etc - that's the only way to know what is being spent on him - FYI if she takes him to mall & they stop for a burger then her burger should be an expense to him but if she chooses to go to a gourmet restaurant then she should pay for him too unless that was where he specifically wanted to go ... not likely unless that was somewhere he went often
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I have POA for a dear and elderly friend.

Her children argue too much and do not get along, so she asked me to take over POA to ensure that her estate is divided evenly among her four children.

I provide a monthly accounting of expenditures, to all her children, even though I have not been mandated too.

I keep scrupulous records of every penny I spend from her accounts to ensure it is only spent on her behalf.

A POA may be mandated to hand over a record of expenditures is if there is suspected elder abuse or self enrichment going on on the part of the POA.

At that time, after an evaluation by elder care protective services, if it is found that self-enrichment, undue influence, or suspicious expenditures are happening than the POA can be removed by the court.

The only other way a POA can be removed, in some states, is if the elderly person, is still of sound mind, and changes the POA.
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Who handles the banking? I was POA for my mother, but my brother was able to set up her online banking. I was a second "looker" on the accounts. Be careful when it comes to elder's money.  If I hadn't asked to be a looker on my late mother's accounts, my brother was not handling some funds well.
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Hi

I second what LLamalover47 said.

The most likely person to commit financial elder abuse, according to elder care attorneys is a son with access to bank accounts.

Yes, there should always be someone designated as a second looker for a POA.

Sometimes the family attorney can take on this effort or the family accountant.
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As POA, I do not have to answer to anyone for my grandma. I care for her and am responsible for her finances and it's just me doing it. My sister wouldn't care honestly and there isn't really many leftover as I spend it on her needs such as medicines, clothing, special underpants as she is allergic to depends, and medical supplies. But as far as I understand, the POA has only the responsibility to answer to themselves. I am a social security representative for my grandma and I have to answer to the government as to how I spend her money. Once a year I have to fill out a chart labeling how I have spent her money. That doesn't have to do with being POA though.
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What is a social security rep and how does that differ from POA?
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Google " social security representative payee".

Both the SSA and VA have special requirements if you are to become the person handling funds for another person.
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Little Miss Kitty:

If have POA, after your grandmother's death, any legal heir to the estate can ask for an accounting of expenditures.

Please ensure that you keep careful records. Otherwise you may have to reimburse the estate, if someone asks for an accounting and you have not kept proper records.

You say, she has very little money or little money left after expenditures, but you will still have to prove this to be true, if your sister decides to ask for an accounting.
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Heather: Oh, wow! I did not know that about the son. Now this is what happened in case--right away I realized something fishy was going on when my brother was doing our late mother's banking. We owed a $4,000ld bill and my husband and I had paid our share out of our bank account. If I hadn't asked to be a second looker on mother's account, I would not have caught that my brother used mother's funds AND NOT HIS OWN. Plus he is an attorney!
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Correction--My brother and I each owed a $4,000 bill that my husband and I paid with our own money, which was correct. Good thing I had asked to be a second looked on the account because my brother did not use HIS own money like we did and was right, but he used our late mother's money. And yes, an attorney no less.
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