If I have a POA for my mother that allows for outright gifts of cash to any descendent including myself, does this allow compensation for lost wages incurred while preparing her home for sale?
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If I have a POA for my mother that allows for outright gifts of cash to any descendent including myself, does this allow compensation for lost wages incurred while preparing her home for sale?
Asked on June 5, 2015 under Estate Planning, New Jersey
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
In theory it does. However, be careful: the POA obligates you to act in your mother's best interest, doing what she would do. If you abuse that--take more money that is defensible or appropriate--your mother, or another child of your mother, could take legal action to force you to account for the money.
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