Incompetent to Conduct Business
My wife and I have a Revocable Living Trust with a Durable General Power of Attorney. My wife is suffering from Alzheimers and is no longer able to conduct business. I would like a letter that can be signed by myself and her Doctor stating this fact to accompany a copy of the Power of Attorney than I need to send to our Stock Broker in order to sell some stock. Can you furnish me the necessary letter? Respectfully.
Tag Archives: Arizona
my landlord is trying to evict me for late rent and just gave me only a piece…
my landlord is trying to evict me for late rent and just gave me only a piece of paper from a notebook stating that it is a notice to vacate before a certain date and she didn’t even give a clear date. She said if we didn’t move by that date our stuff would be put out on the curb. We don’t have the money to move and she still hasn’t given us a lease agreement since we moved in last month and we haven’t been able to turn our gas on because of it. what should we do?
General Power of Attorney w/ Durable Provision Please explain what initialing…
General Power of Attorney w/ Durable Provision
Please explain what initialing this Provision would do and what it would not allow if it were not initialed? Please put it in plain, and simple terms. The form we have is worded, ”If the blank space in the block to the left is initialed by the Principal, this power of attorney shall not be affected by the subsequent disability or incompetence of the Principal.” Thank you.
Is a general Power of Attorney sufficient to transfer title of a vehicle?
Is a general Power of Attorney sufficient to transfer title of a vehicle?
”Gray Area” using a general power of attorney I have recently obtained the…
”Gray Area” using a general power of attorney
I have recently obtained the poa for my elderly father who has been admitted to a nursing home for a long term stay (probably ”for good”). In examining his assets I see that the monthly cost can be sustained as long as his rate of return is reasonable.
Here is the problem. I recently purchased some property and easily qualified for the mortgage. However when I look at the rate I am paying I would really like my father to get that return instead of the bank.
I understand that loaning money from the principal to yourself is frowned upon and the advice would probably be ”don’t do it!”. However I wonder if it is actually legally forbidden. It isn’t like I am buying myself a Ferrari or anything like that. I qualified for this mortage and am already paying the monthly payments (so this isn’t ”for my benefit”). I would just rather pay them to my father, which would be to his benefit (see above). If I choose go down this road are there steps I need to take to protect myself?
I am the only child and my father is widower. Unfortunately he is not presently able to sign an addendum to the poa.