Quote:
Originally Posted by CliffFletcher
I understand this is probably the best approach financially. But as the person holding enduring power of attorney for both my parents (my dad is in a care home), I’m concerned about the ethical and legal considerations of drawing tens of thousands of dollars out of my mom’s financial assets and gifting it to me and my sister. My parents don’t have the capacity to make financial decisions of their own, so they can’t really give consent.
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You'll need to consult a lawyer in your jurisdiction, but it is generally the case that as Attorney you have a fiduciary responsibility to your parents and can only act in their best interest... and not in the interest of any beneficiaries.