What if my sister is POA for my Mother and now moneyhas been misapproiated?
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What if my sister is POA for my Mother and now moneyhas been misapproiated?
When my mom was of sound mind, she made my sister power of attorney in her Will when she could not handle her affairs any more. My sister started handling her money and I have noticed that her investments reflect discrepancies of about 15-20K. What are my options on how to handle this? My sister and I are her only children. I do not have any money.
Asked on December 3, 2011 under Estate Planning, Virginia
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
If you see an issue of an apaprent discrepancy in your mother's investments of $15,000 to $20,000 where your sister is acting under your mother's power of attorney as her attorney in fact and you suspect that your sister has misappropriated money belonging to your mother, you need to sit down with your sister and hash out your suspicions between you two.
Perhaps there is an explanation for the discrepancy and perhaps there is not. Depending upon the answer and your suspicions you might need to consult with groups that protect the rights of the elderly such as the Council on Aging about the situation involving your mother since you apparently cannot afford a lawyer.
Or, you might be forced to contact law enforcement and have a police report filed to be sent to your county's district attorney's office for a possible criminal action to be filed against your sister.
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