Legal Question in Wills and Trusts in Minnesota
I have power of attorney without limitations for my dad. My niece is in a financial bind at the moment. May I loan her $2000-$3000 from my dad's checking account?
Asked on 9/30/13, 7:41 pm
1 Answer from Attorneys
Sam Calvert
Calvert Law Office
You probably can, but it's probably a bad idea.
What if the niece does not pay back?
You could be "accused" of not using reasonable business judgment on behalf of your dad.
If she's that good a risk, why isn't a bank lending to her?
Send her to Prosper.com or one of the other peer-to-peer lending sites.
Answered on 10/01/13, 2:24 pm
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