I am an agent under my mom's power of attorney. Do I have the power to gift money in her place?Read more
I take it that your father is no longer competent to sign the beneficiary designation form himself. Whether or not you can change his beneficiary using his durable power of attorney will depend on the insurance company rules. You will have to contact the insurer and ask them. I’m also not quite sure what you mean by “dual.” If it means that you and someone else are both appointed on the durable power of attorney, then whether you can act alone will depend on both the wording of the actual power of attorney and, again, on what the insurance company requires.
For more information about your duties as an agent under a power of attorney, click here.
Local Elder Law Attorneys in Ashburn, VA
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...
Medicaid Rules, etc