Uniform Power of Attorney Act

The AARP has published a research report entitled, Power of Attorney Abuse: What States Can Do About It. The report urges states to adopt the Uniform Power of Attorney Act to provide increased protection from seniors often victimized by those who take advantage of of overly broad powers of attorney. The report notes the following common areas of power of attorney abuse:

  •     Transactions that exceed the intended scope of authority
  •     Transactions conducted for self-dealing purposes
  •     Transactions conducted in contravention of the principle's expectations

Unfortunately,  a power of attorney is viewed by the unscrupulous as a license to steal. Elder fraud lawyers, Texas.

Fiduciary duty, TXPLMichael Young