Gift provisions in powers of attorney limit agents from making gifts if such ability is not desired. All powers of attorney should include specific gift authority clauses to provide the necessary authority to the agents. Failure to include these provisions could subject the agent to action for making an inappropriate gift or deprive the estate of property that was intended for another person or purpose. Issues with Failing to Include Gift Authority A recent court case examined these … [Read more...]
Do You Need a Professional Fiduciary?
Lack of a trusted person and pronounced sibling rivalry are some of the reasons a person may require a Professional… READ MORE
