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and what would you do to protect yourself

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Not if you want to stay out of jail. You being Executrix has a legal fiduciary responsibility that does not allow you to "borrow" from your wards. How would you like it if your bank just "borrowed" some money from your account without your knowledge. No, get your money from somewhere else. Earn it or borrow it from a bank or loan shark. Merry Christmas!
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No. Your duty is to act on your parent's interest, not your own.
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It depends on what the document states...executors have no power until parents death......trustee manages the trust. As the person said before me, generally, the asets are for the benefit of the beneficiary stated in the document... not the trustee. I am not an attorney...double check.
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Absolutely not! I am executrix of my father's will. I am being sued by my stepmother's POA who squandered HER assets, then came after my father's assets. He is home free because she won't ask him for an accounting but I had to prove where I spent every penny. I came up clean. But he got away with it. DO NOT take a penny. It will bite you in the a** if you do!
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No, but if it does happen. Two of my siblings were executors of mom's will. One of them also used to be POA. Both borrowed money. Both are no longer executors of mom's will and also one is no longer POA.. I am now POA and executor of mom's will. Mom's attorney explained to her (and me) anyone who has "borrowed" money from someone's estate should not be an executor or POA and so updates and changes were made.......and now I rest easy knowing everything is as it should be.........
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Typically this is avoided. Please check with an attorney before attempting this. It might be possible for the trust to make such a loan but it would likely require clear paperwork and a competitive interest rate. It should look on the surface like it is a good deal for the trust, not an advantageous situation for the Trustee.
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No do not borrow any money from the parents or estate! The money is for the care of the parent and in no way shape or form is to be used as a bank account to borrow from.
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Wake up daughter! You say your sister did this and that
And that you didn't think it seemed right. What do mean SEEMED? I will be a little harsh and critical here. You knew things were not right. Your mother in bed all day? Really .....You must become assertive . Take the bull by the horns. The minister? Prett soon itwill be a3 ringcircus. You can do it. Get your family to jump inwith both feet.. .Get some real advice sister. Your mom needs you I think.
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People are answering a lot of different questions here: there's a bunch of opinions about what's ethical, and there's a bunch of stories about abuses of the executor position, and there's some confusion about what rosie6700 is actually asking or what's behind the question. The answer to the general question "Can an executor borrow money from a parent?" is, yes they can: pretty much any negotiated arrangement is possible in principle. If the parent is alive, he or she can certainly agree to lend money to a child independent of whether or not that child is named in the will as an executor. If the parent is not alive and the child named as executor is already playing that role, it's incumbent on the executor to manage the estate and to be answerable to all the heirs for any and all transactions. Whether a loan is a good idea or a terrible idea is a different matter. And to do a good job of handling loans within a family or an estate, please think it through involving all parties, get a lawyer to help write a clean, legally binding, mutually acceptable contract, and then follow the contract.
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POA because they have the power even if it is unethical. An executor has no control until after death.
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