Her Sister Had Mom's Power of Attorney. By the Time Mom Died, $212,000 Was Gone.

Lisa and her sister Donna agreed Donna would handle their mom's money. Mom had already named Donna as the agent on her financial power of attorney. Three years later, Mom passed away. Lisa saw the bank statements for the first time. $212,000 had gone to Donna. A power of attorney asks for a lot of trust, and nobody was checking. When you choose your agent, you can also name a second person who gets copies of the statements, or require records the family can ask to see. Most agents are honest, and the right setup keeps it that way. Has something like this happened in your family? Just yes or no. This video is general information. Estate planning rules vary by state, so please talk with an estate planning attorney where you live about your own plan. #PowerOfAttorney #ElderFinancialAbuse #Siblings #AgingParents #EstatePlanning