Power of Attorney Dangers - License to Steal
A local couple (a pastor and his wife nonetheless) were recently charged with theft and dependent adult abuse. There were charged with taking money from both of their elderly parents, under authority of a power of attorney to pay for vacations, airfare, motels and eating out frequently.
Local authorities and national organizations are reporting an increase in elder abuse in the past year, likely attributable to challenging economic times. The typical power of attorney grants the attorney-in-fact broad power to act in their stead. This power is typically granted without any oversight, which can be too tempting for some people.
If you suspect that someone is misusing the power granted to them, report the information immediately to the local police who will be able to properly investigate the case.