Legal Question in Wills and Trusts in Iowa
The General Power of Attorney for Business Affairs states that :Upon my request my Attorney in Fact shall provide a complete accounting of all acts pursuant to this power of attorney.If my Attorney in Fact is one of my children I authorize them to provide a periodic accounting,but not less often than quarter-annually to any other of my children who are not then serving as Attorney -in-Fact, and to provide any of my financial information to my other children from time to time as they may request. Question: does that mean the is to be a quarter annual financial report given to all of the person's children.? And, must a financial report be given when one of the children asks for one?
1 Answer from Attorneys
I think perhaps you should consult the attorney that you paid to draft this POA and have him or her explain it to you.
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