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Tuesday, February 24, 2015

The Power of Attorney: Questions

Questions concerning the Power of Attorney
1.       The Document I signed giving the Power of attorney was a standard one.  Is there any way I can get or pay for a custom made one?
2.       If so, when I asked questions so that I could include conditions in the power of attorney, they were all deemed inappropriate.  How can I find someone to advise me on the right questions to ask? Or the right way to ask my questions? 
3.       Can my brother and his wife be limited as to how much liberty they can have when handling my financial affairs? Like the bank? Or the partition of the property?
4.       In case my brother and his wife are too busy to do something, can they delegate the powers they have to someone else? For example can they have their son take out money from my account?
5.       What steps do I have to take to actively protect my rights, now and if I am incapable of handling my own affairs, if my brother has power of attorney?
6.       Does a new contract have to make if I want to limit or change some of these rights?
7.       Can my brother legally take any amount of money he decides he want to?  And this without regulation? Can somebody do this in his name if he delegates the authority to them, let’s say because he is too busy?
8.       Can the man come and take any amount of money he wants to, and he can do this without anyone questioning him?
9.       Is the bank obligated to control how much money he can take?
10.   What kind of harm can occur from unlimited power of attorney?
11.   Where does the responsibility of the bank start and end?

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