Saturday, 24 January 2015

Can a POA sign a trust agreement on behalf of the donor (the person the POA is working for) in order to avoid Probate tax/Estate administrat...

Question

Can a POA sign a trust agreement on behalf of the donor (the person the POA is working for) in order to avoid Probate tax/Estate administration tax on the donor's estate?



Answer

It depends on the Power of Attorney and what it provides the POA to do and the nature of the Trust Agreement.



Answer

The answer to your question depends upon the specific authority conferred by the power of attorney instrument, and whether such authority is springing, durable, etc. Please feel free to contact my office if you would like to schedule a consultation.



No comments:

Post a Comment