If I am an enduring POA and sole beneficery of an estate, is it illegal if I transfer all or some of the money into an account solely under my name?

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If I am an enduring POA and sole beneficery of an estate, is it illegal if I transfer all or some of the money into an account solely under my name?

My partner is in palative care and about to die.

Asked on September 15, 2014 under Estate Planning, District of Columbia

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

I am so sorry for your situation.  An ednuring POA does not terminate when the person for whom it is enacted becomes incompetant so you can continue to act in his best interests in the management of his assets.  Good luck.


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