The downside risk of POA 'Just print, sign and start stealing': One form that let a relative fleece a grandmother of $2 million - linky
Elder abuse is very common these days and even lawyers do it to their parents- there was a recent VIC case. A safeguard maybe to have 2 joint attorneys.
Hi Buddy, I hope that Lawyer was struck off if that was the case. Usually lawyers are really good and will run the estate like a trust account. In any respects, two or more POA is a good idea with joint signature to bank accounts etc. If there is any trust issue with the POA then make new POA. It is really easy to dismiss POA and appoint new ones. If there is lots of money involved, I would have a lawyer engaged at all times to monitor the transactions and arrange an annual audit of accounts for completeness. POA can only miss behave if they think no one is monitoring them. Big brother is always watching. Good luck and I hope this helps
