Power of attorney..bank accounts

Asked almost 3 years ago - Helena, AL

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?

Attorney answers (1)

  1. Steven J. Fromm

    Contributor Level 20

    Answered . 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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    Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia and Montgomery counties. He is authorized to handle IRS matters throughout the United States. His phone number is 215-735-2336 or his email address is sjfpc@comcast.net , his website is www.sjfpc.com. and his blog is

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