Am I in big trouble??

[Bigcoat1]

Hi Everyone,

i think I might be in big trouble. My mum passed recently. For the last 4 or 5 years I held power of attorney and handled all of her financial affairs. We never had a formal diagnosis of dementia etc, however she became Increasingly confused so I just took over.
mum was quite well off with around 150k in savings, an income of 2k per month and a mortgage free home. My finances have been difficult since my divorce.
On a few occasions I borrowed from mom’s account when I was desperate. I always paid the money back asap. I never discussed this with mum although I know she she would have consented.
her affairs are now being looked over as part of private etc and I’m terrified that this roll come to light and I’ll be in huge trouble.
I know I can’t undo what’s been done, but what should I expect to happen?

Just say she loaned you the money.

Why would you be in trouble for borrowing and repaying money? Am I missing something?

If you paid it all back nothing will happen.

Why would you be in trouble for having a loan and paying it back? I mean it's probably not ideal but I bet many people have done it and NOT paid it back! What's your actual concern OP?

Transparency is important. So I think that one thing which you can do to help is create a document with a list of all of the times that you borrowed money including the amount borrowed, date borrowed, date paid back.

If anyone questions one of the transactions then you can immediately produce the list and it’s easy for them to verify that it was all paid back..

I think it’s the fact that I did it without asking

Did you not post this recently already??

Honestly say it was loaned and repaid.

She wouldn’t want you to be in trouble and I’m sure she didn’t mind you borrowing the money; feel free to say she lent it to you. It would be unusual to have a written agreement between family members.

I mentioned it to a friend and they thought that it would be viewed as theft, which worries me

Theft is defined as an intention to permanently deprive. You paid the money back.

I am not sure what you mean by ‘being looked at by a private etc’ is that a typo.

All you need to say is that Mum had told you that you can borrow money from her if she ever got incapacitated’ Don’t worry about this as I am sure she would have thought that anyway. You paid it back and there is no issue with it.

I assumed it was a typo for probate.

Did you pay the money back by online transfer or lodgements in a bank branch. If so then there are records so all will be fine

Don’t discuss it with your friend again or anyone else.
Is there evidence you paid it back?

Don’t be silly. Thieves don’t pay back what they steal. You’re worrying about nothing, as long as you repaid it.

You abused your position and contravened the POA. However, assuming there is evidence that you repaid the money this isn’t theft.
i assume you mean her finances are being examined as part of the probate process. Is a solicitor the executor?

Nobody can prove it was without permission!
So stop telling your friends about it!

I thought that. I'm sure i have already seen this exact post.

If you can show the trail of bank transfers from and to her account that should be okay. How much are we talking about?

If you repaid it just show them the repayment and say she lent you it. She is allowed to lend you money and if she’s passed they have no evidence to say she didn’t say you could do it. And you paid it back.

You are either worrying unnecessarily or you never paid it back.

If her financials are being looked at by a solicitor and you never paid the loans back, then yes you will be in trouble. However, if there is a paper trail to show how you paid your mum back, then you have nothing to worry about.

How much did you borrow?