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What kind of records should be kept by the person holding power of attorney?

April 26, 2017holding kept person power of attorney records

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What kind of records should be kept by the person holding power of attorney?

2 Answers

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Accurate records of actions taken under the power of attorney should be kept in order to answer questions that may be raised in the future. The Agent’s funds must not be commingled with the person’s funds.

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Accurate records of actions taken under the power of attorney should be kept in order to answer questions that may be raised in the future. Your funds must not be commingled with the persons personal funds.