Grandchild as Attorney-in-fact
My grandmother appointed me as an Attorney-in-fact when I was relatively young (early 20s). She has always sent money for Christmas and birthday gifts to her grandchildren. Can she legally still give gifts of money to me, who has Durable Power of Attorney?
Re: Grandchild as Attorney-in-fact
Yes. You cannot give gifts to yourself as her attorney in fact, unless the Power of Attorney document authorizes that you can.
Ken Koenen
Koenen & Tokunaga, P.C.
5776 Stoneridge Mall Rd., Suite 350
Pleasanton, CA 94588