Legal Question in Wills and Trusts in Arizona
Is an executor of an estate required to provide heirs with an accounting of funds spent while they served as power of attorney during the period they wer POA?
Arizona
1 Answer from Attorneys
Yes... when you have been nominated by the person who died to settle their affairs after their death, you have an obligation to provide an accounting. When you were acting as the power of attorney, that document that gave you that authority may determine whether you were entitled to receive compensation for your work. The heirs have a right to an accounting. If you have not prepared an accounting, the heirs may end up suing you. You may want to have us review the documents that gave you authority to work on the decedent's affairs before and after death to determine your obligations and liabilities. You may contact Stephanie Coulter of this office at 602 462 1004 if you are interested in having us review those documents and help you in assessing your obligations to the heirs.