My brother AND I are named joint “attorney-in-fact” by my mother's power of attorney (POA). The POA has broad authority and has a clause that makes it durable.
From my background doing construction administration and management, I read the POA as intending for my brother AND I to act "together" as a single entity on behalf of my mother, and that would mean providing both signatures when her signature would be needed.
A bank told me recently that the Commonwealth of Virginia does not recognize the necessity of two signatures. This means to me that unilateral action is possible.
Is this correct – that Virginia Law ignores the POA's stated intentions?
Now I am concerned about checks and balances on my bother’s decisions.
Can I be held responsible for the unilateral actions of my brother?
How do I make sure my mother is protected if she is considered “competent” but is exhibiting poor judgment, extreme emotional reactivity and horrible executive skills?What is the name of your state (only U.S. law)?