Learn how to become an estate planning lawyer: This comprehensive guide outlines the educational path, required skills, and ethical considerations for a successful career assisting clients with wills, trusts, and probate matters.
asset management
Does a Power of Attorney Override a Trustee?
Does a power of attorney override a trustee? A POA cannot generally alter an irrevocable trust, even if the grantor is also the principal. Trustee authority comes from the trust document, not the POA.
Can a Power of Attorney Change a POD Account?
Can a power of attorney change a POD account? Generally, no. A POD account’s beneficiary designation supersedes POA authority, ensuring assets transfer directly upon death, avoiding probate.
Can a Power of Attorney Sell Property?
Can a power of attorney sell property? Yes, if the POA specifically grants that authority. However, the type of POA (durable, general, special) and state laws determine the specifics, so understand these nuances.