Lending money to father who has given me Power of Attorney

Get Instant Legal Answers - Free AI Legal Help
Join thousands of Australians each month using LawConnect’s AI assistant for fast, personalised legal information. No waiting. No cost. Start now.
Ask Your Question Now
S

SDSPerth

Member
23 May 2016
4
0
1
Hi

I have power of attorney granted by my father.

He is no longer of sound mind and I need to lend him some money for residential care.

Can I sign a loan to him as both lender and borrower (on his behalf).

I will not be charging him interest, and the loan is for his benefit, so I was hoping I was on safe legal ground.
 
You must log in or register to reply here.

Similar threads

S
WA Power of Attorney - Signing Loan as Both Lender and Borrower?
Replies
1
Views
2K
Wills and Estate Planning Law Forum
Rob Legat - SBPL
Rob Legat - SBPL
P
QLD Solicitor Refusing to Say Who has Power of Attorney?
Replies
4
Views
3K
Wills and Estate Planning Law Forum
Arche
A
E
NSW Enduring Power Of Attorney – Legality and Rescission
Replies
1
Views
2K
Wills and Estate Planning Law Forum
Sophea
S
C
WA Power of Attorney - Mental Competence of Individual Under Australian Law?
Replies
2
Views
2K
Wills and Estate Planning Law Forum
Cathy43
C
W
WA Power of Attorney and Guardianship of Grandfather Dispute
Replies
2
Views
3K
Wills and Estate Planning Law Forum
AdValorem
A
Top Bottom