A Family Found Unexplained Withdrawals. How a Kentucky Lawyer Helped Recover Funds
The story traces the financial records and disputed authority behind a claim involving an older relative’s money.
The questionWhat can a family do when someone with power of attorney takes an older relative's money?
Illustrative example
LEXINGTON, Ky. — A Lexington family has recovered $187,000 taken from their 88-year-old father's accounts by a former caregiver who held his power of attorney.
The family noticed cash withdrawals and checks written to the caregiver while reviewing his bills.
The money was most of his savings and was meant to pay for his care.
Halverin Law obtained three years of bank records and traced each withdrawal. The firm showed the payments far exceeded anything the power of attorney allowed and asked the court to freeze the caregiver's accounts.
The court entered a judgment and the family recovered $187,000 from frozen accounts and the sale of a vehicle bought with the money.
About $40,000 could not be traced and was not recovered.
A power of attorney limits what an agent may do with money. Bank records are usually the core evidence when those limits are crossed.
About this story
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