What kind of records should the attorney in fact keep?
It is very important that the attorney in fact keep good records of his or her actions under the power of attorney. That is the best way to be able to answer any questions anyone may raise. The most important rule to keep in mind is not to commingle the funds the attorney in fact is managing with his or her own money. Keep the accounts separate. The easiest way to keep records is to run all funds through a checking account. The checks will act as receipts and the checkbook register as a running account. As with all estate matters, anyone planning to probate an estate should consult an attorney who is skilled and experienced in this area.
