Abuse of Power of Attorney

Abuse of Power of Attorney PDF

Author: Virginia Vincenti

Publisher:

Published: 2021-01-31

Total Pages: 23

ISBN-13: 9780578836713

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This Extension bulletin provides factors that put individuals and families at risk for power of attorney (POA) abuse and provides best practices for preventing and responding. A financial POA is a potent estate planning tool for managing assets and ensuring bills are paid as we age and need help. Since POAs typically give an agent great power with little or no oversight, abuse such as stealing and transferring assets away from the principal and to the agent is easy, with terrible consequences. This publication is based on research from a USDA multi-state project.