My sister has POA for our mother's health and finances. My sister receives money from the fiduciary regarding my mother's expenses. However, once my sister pays the health care agency, the health care agency sends the invoice to our mother's long term insurance company. there is a reimbursement then mailed to my mother. My sister deposits it into an acct that she set up for her and my mother. However, she refuses to tell the other beneficiary siblings what the payments she is paying or receiving is. Is this legal
4 Answers
Helpful Newest
First Oldest
First
The Executor of the Trust is required to keep track of expenditures and oversee that there is no 'co-mingling' of funds between your sister's personal accounts and those expenses paid on behalf of your mom. At the time of your mom's passing, you (as a beneficiary) are entitled to a copy of those records and receipts. Until then - unless otherwise stated in the Trust; your sister does not need to keep you advised of monthly expenditures.
It's unfortunate that your sister isn't being more forthcoming. As time passes, you'll want to be able to communicate better. Try to stay calm. If this is a new situation; people tend to be a little defensive. Things may smooth out.
If she's handling the financial issues successfully, I'm wondering what the concern is? Do you think there's something improper taking place?
ADVERTISEMENT