{"id":10146,"date":"2016-04-07T13:00:16","date_gmt":"2016-04-07T06:00:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-power-of-attorney-has-split-my-husband-and-his-sister\/"},"modified":"2016-04-07T13:21:40","modified_gmt":"2016-04-07T06:21:40","slug":"a-power-of-attorney-has-split-my-husband-and-his-sister","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-power-of-attorney-has-split-my-husband-and-his-sister\/","title":{"rendered":"A power of attorney has split my husband and his sister"},"content":{"rendered":"


\nA legal agreement to manage the financial affairs of parents could end up in the hands of lawyersMy husband has joint power of attorney with his sister over their parents\u2019 financial affairs. Unfortunately, it was set up so that my husband and his sister can act independently of each other. Their father died recently and his sister, who lives in the parents\u2019 house as a carer, refuses to speak to my husband and will not share any information with him regarding their parents\u2019 bank account details. An added problem is that we live abroad and although we visit every few weeks it is not possible for us to be there on a day-to-day basis. This situation is proving very stressful for my husband; can you advise me as to the best way for him to obtain bank account details? Name withheld, LondonThis a not uncommon situation, according to Geoffrey Kertesz, Partner and Head of the Will and Trust Disputes Team at Bircham Dyson Bell, as powers of attorney for financial affairs frequently allow attorneys to act independently of each other. \u201cThis arrangement often makes sense; it could cause practical difficulties if multiple attorneys had to approve each expense, no matter how routine,\u201d he says. \u201cYour husband should raise his concerns with the bank and ask for an update on his mother\u2019s financial affairs. It would be surprising if a bank did not provide the information. If this fails, he will have to consider court action. Continue reading…
\n
\nSource : theguardian.com
\nRead more…A power of attorney has split my husband and his sister<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A legal agreement to manage the financial affairs of parents could end up in the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10146","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2DE","jetpack-related-posts":[{"id":131100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-sister-is-buying-our-dads-house-im-worried-about-my-inheritance\/","url_meta":{"origin":10146,"position":0},"title":"My sister is buying our dad\u2019s house \u2013 I\u2019m worried about my inheritance","date":"October 21, 2022","format":false,"excerpt":"\r I\u2019m worried it\u2019s below market value \u2013 should our sibling who has power of attorney stop her?Q I live in Australia while my divorced elderly parents and two sisters live in the UK. 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