If someone is granted power of attorney and the principal added them to their bank accounts to pay their bills etc.Can that person who is holding a power of attorney take the principal off their own account without the principal's knowledge and the power of attorney continue to use it as his/her own? would that be fraud on the power of attorney and the bank?
This is a position of trust and the power holder is to protect and preserve the assets under his control not use them for personal benefit. If this is happening, get with an estate litigation attorney immediately to have the power holder removed, demand an accounting and a surcharge action for the return of funds. Do this now.
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