‘I feel very bitter’: My late father gave my sister power of attorney. She kept $100K of his savings. Should I pursue legal action?

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My sister was my father’s power of attorney and co-owner of his bank account. After he died, she kept all $100,000. What can I do? 'She justifies her decision by claiming that dad spent more money on me and my family.' The Moneyist weighs in.

I am a 52-year-old unemployed homemaker with various health issues that have prevented me from working over the past 10 years. . My husband works full time.

The Moneyist: ‘We bet on the wrong horse’: I co-signed my nephew’s $55K student loan: He has no degree and no job. What should we do? When a parent dies, particularly the last parent, the children are left without the elder in their family who oversees not only the family fortunes, but also moral boundaries and decorum among the children. If a family was a country, the death of the final parent sometimes creates a lawless one.

Was your sister a co-owner of this account or a co-signer? If it was the former, your sister is a joint owner and, unfortunately, can spend the money as she wishes. She would also be liable for any debts on that account after your father’s death. If you sister was, indeed, a co-owner, you have another option. A power of attorney has a fiduciary duty to act in your father’s best interests. Part of that responsibility involves keeping receipts and being completely transparent, informing family members of transactions.

 

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Hahaha Shitty Happens all the time Money brings out the worse in people , especially siblings settling estates!!!!

🤣🤣🤣🤣🤣🤣

Family had attorney power, now you got to pay an attorney for no power.

EndPoliceBrutalityinNigeria SackTheIGP ReformNigeriaPolice Help us please 🙏🙏🙏

It’s just money. She was his favorite. Get over it.

No will just word of mouth Tie it up in court for years

Quit tweeting the same thing every fing hour🤬🤬

Sadly, nothing. You should have complained when he was alive but didn't. Co-owners don't need to justify anything, except if there was fraud. Was there fraud? Probably not.

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