
Power of Attorney 101: Choose Wisely!
People often ask me, “Can my agent steal my money?” The unfortunate answer is “yes.” Since he will have access to your financial accounts, he can access your funds and use them for his own benefit. The agent does have a fiduciary duty to use the assets only for your benefit or as you direct in the document. You could therefore later sue the agent for having stolen or misused your funds. However, if the agent spent all your money and has no money of his own, you may not be able to recover anything from him.










