Tuesday, June 23, 2009
skipping legal advice with a trust and living to regret it
Here's a case to ponder.An elderly lady is in a nursing home. We'll call her Sally. Sally deeded her real estate into a Trust. She also gave a Power of Attorney to her granddaughter, we'll call her Polly.Polly listed the real estate for sale and signed the sales agreement using the POA.I examined title, including the trust document and found no authority for using the POA. Instead what I found
skipping legal advice with a trust and living to regret it
Here's a case to ponder.An elderly lady is in a nursing home. We'll call her Sally. Sally deeded her real estate into a Trust. She also gave a Power of Attorney to her granddaughter, we'll call her Polly.Polly listed the real estate for sale and signed the sales agreement using the POA.I examined title, including the trust document and found no authority for using the POA. Instead what I found
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