Monitor Law and Legal Definition

Monitor refers to a person who is appointed by the principal in the Power of attorney. A person appointed as monitor is given the authority to request, receive, and seek to compel the agent (attorney in fact) to provide a record of all receipts, disbursements, and transactions entered into by the agent on behalf of the principal. The purpose of appointing a monitor is to prevent elder abuse and abuse of a Power of Attorney. Monitor is a new term approved by the NY legislature in 2008 in connection with the new Power of attorney laws of NY.