I have power of attorney for my father. Can I sign for him and transfer property?
Question: I have POA for financial and medical on my father, and he has marked dementia at present. Can I simply sign for him and transfer or give away the property to whomever? What would be the disadvantages?
Answer: Any transaction you make using the power of attorney that benefits you will be subject to high scrutiny by a court if any other family member complains. As an agent under a power of attorney, you are under a "fiduciary" duty to use the power only for the benefit of your father.
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