My step father has loaned his son some money in order to get his roof fixed however he is suffering from Alzheimer's. His son has been appointed POA but I can't help but feel this isn't a genuine case as his son has been estranged from his dad from some time.
Does anyone know if a loan can be granted by the POA (effectively to himself)?
And if so, are minimal montjly repayment really acceptable?
Thanks
Does anyone know if a loan can be granted by the POA (effectively to himself)?
And if so, are minimal montjly repayment really acceptable?
Thanks