Estate planning is a complex task, requiring the advice of a qualified estate attorney. What is the wisest course of action in your situation?
You can hardly read a paper currently without coming across an article about the Brooke Astor case. Sadly, this case highlights what can go wrong when someone abuses the trust inherent in a power of attorney agreement. Although signing a power of attorney is critical to any comprehensive estate plan, it’s wise to put safeguards in place to reduce the risk of financial abuse.