I am currently working with a 92 year old psychologist. And after 30 years he made me a co power of attorney as he and his wife have no children. his memory is deteriorating and I am concerned because There are no provisions for my continued work with him should he become temporarily or fully incapacitated. And His lawyer didn't check mark the item that allows power of attys to be reimbursed for time. I handle all his finances and am his health care proxy, co trustee for his wife and co executor of will.
I feel that protecting my self is also protecting him and he agrees. But how? Should there be a separate contract for us. how can powers of attorneys protect themselves. I keep records and follow a code of transparency.
But for example: I.e. he recently asked me to go to bank and get him $5000 and I asked for 2000. The bankers spoke with him and know he regularly withdraws cash . We have a very close working relationship with them. However when i looked at bank statements it only show that i withdrew money .