How do I protect myself from my sister, who has durable power of attorney for our parents?
My younger sister was given durable power of attorney and Trusteeship recently when she tool my parents to see her attorney and write their will. I wasn't told or asked about it until after the fact. My parents are in their late seventies and fairly independent but too trusting. I live with my parents and take care of their home for them. I'm concerned that my sister and her husband can now control my ability to remain in my parents home, and they have all the power. I'm not happy that my sister did this behind my back either. What should I do to protect myself at this point? My dad said he would change it to be in my name, but then my sister and I would have even more strain between us.
It sounds as if the estate planning documents that were supposed to provide peace of mind and certainty for family members have only served to create some angst and distrust"”at least between you and your sister.
A few things to keep in mind: If the durable power of attorney and trust are like most of them, your sister's powers as agent and trustee will not likely take any effect until your parents are either legally incapacitated or deceased, so you probably need not worry abut being booted out of the house anytime soon.
Also, it is at least possible that your sister acted with the best intentions of trying to help your parents get their affairs in order rather than to be devious or squeeze you out of the family business.
But all that won't likely change your understandable feelings of being shut out and left behind.
An interesting and extremely hopeful sign is that your dad, probably unaware of how you felt, expressed a willingness to change the documents. While you are concerned that changing the documents may create more strain between you and your sister, it might actually help in the longrun to divvy up the duties and responsibilities.
One possibility would be to make you and your sister co-agents and co-trustees-although this may not be the wisest approach, since it would mean that you both would have to agree on all actions and decisions. That is a tall order for many siblings"”and may be for the two of you, too.
Another approach would be to share the responsibilities. For example, if your sister is the organized type, it may make sense for her to act as trustee of the trust. And since you are already living with your folks and most likely to know about their daily needs"”it dawns that something about that arrangement may actually be making your sister nervous that she's the one being squeezed out"”it may make sense for your parents to appoint you the agent in their power of attorney.
The most important way to find the best solution: Have a family meeting in which everyone is encouraged to express his or her views and feelings while the others are required to listen and suspend judgment.
The son must tell the truth, as to why this sudden decission on the part of his parents, to give the power of attorney to the younger sister!!!
Only then can we decide on an appropriate answer.How is it the son is not married and why is it the daughter is staying with them if she is married.
What community do they belong to, as there are rules and regulations in communities like Anglo-Indian, Muslims and even Hindus too.