Can a Power of Attorney Transfer Money to Themselves? Find Out!
As someone who has granted a power of attorney, it is essential to understand the extent of the authority granted to your agent. One question that may arise is whether your agent can transfer money to themselves without your consent. This is a valid concern, given the potential for abuse or financial exploitation. Before we delve into the legality of this matter, let's start by defining what a power of attorney is. In simple terms, it is a legal document that grants an agent or attorney-in-…