Plain and simple your brother is the power of attorney and he IS responsible and liable. Pre signed checks????? Why in the world would you have presigned checks laying around? You need to do more than add your name to the account. You need to make sure both of their names are off of the account. Establish good records when you take over to make sure that you arent blamed for anything that is missing. When you are the custodian of someone elses money you should be keeping perfect records and if you make them open to your siblings. That way your are complely above board and there will be no surprises or accusations down the road.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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