So my question is about this section of the POA
and Health Surrogate which I am for my Great Aunt.
This is from the Health Surrogate
“My Health Care Surrogate shall not be entitled to compensation for services performed under this Designation, but shall be entitled to reimbursement for all reasonable expenses incurred as a result of carrying out any provision of this Designation.”
This is from the POA papers
“Compensation of Qualified Agents. My Attorney shall be entitled to reasonable
compensation for my Attorney's service under this Durable Power of Attorney, if such Attorney is a "Qualified Agent," as that term is defined in Section(NNN) NNN-NNNN4), Florida Statutes.”
Now besides that all of my Aunts Finances are in a name of a trust that she setup and because of this I have also become a co-trustee on her trust account to allow me access to her finances including bank accounts and investments. Now in that paper it mentions this…
“ That I have the ability to access the trust’s money, stock, funds and other property and to use the funds of the trust for the benefit of the settler.”
Now of course upon her death my POA papers cease to be in effect in addition to the co-trustee. At this point the financial institution is the successor of the trust and to throw another mix in the loop they are instructed to divide up her estate
evenly between myself and my three brothers.
Based on this information I wanted to know how I figure out compensation for all the things I have been doing for her since April. Up until 2 months ago I have not taken any money from her unless she asks if I needed anything but recently now I use the Debt card linked to our co-trustee account to fill up my gas tank from driving back and forth to her house and lately I have asked for a few hundred dollars ever so often but because of her health she is becoming more forgetful and not even caring about the value of money anymore. Since April of 2013 I have invested a lot of my time getting her finances settled, getting my POA papers sent to all of her accounts and insurance companies, even settling up her claims with her long-term health care to get reimbursed for the 24 hour aide service that she now needs not to mention getting her doctor appointments scheduled and regulating paying her bills. Right now what I do is go to the ATM and pull out cash and leave the receipt in a box and I give that money to the aid for things that she needs and in turn the aid leaves me the receipts but is it ok that I take money out for myself every so often and put it in the same box? How do I go about taking money for myself? When she does pass I want to make sure that for whatever reason the successor (the financial institution) isn't going to go after me for any reason... Because of the fact that I am a beneficiary as well as I was the co-trustee before her death.