No, the agent may not use the principal’s assets to benefit himself or anyone else or make gifts to himself or anyone else unless the principal has specifically granted that authority in either a Statutory Gifts Rider attached to a Statutory Short Form Power of Attorney or a Non-Statutory Power of Attorney.
If the agent has that authority, he must act according to any instructions of the principal or, where there are no such instructions, in the principal’s best interest. If it is found that the agent violated the law or acted outside the authority granted to him in the Power of Attorney, he may be liable under the law for his violation.
If you or a family member need assistance with power of attorney me at (716) 542-5444.
