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Can a POA transfer all the shareholdings into their own name given that they have ultimate control of the account? Or do the shares have to stay in the original name?

April 26, 2017account CONTROL given original POA SHAREHOLDINGS Shares stay transfer Ultimate

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Can a POA transfer all the shareholdings into their own name given that they have ultimate control of the account? Or do the shares have to stay in the original name?

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It depends upon what the donor has instructed within the power of attorney (POA). The attorney will be responsible for acting in the best interests of the donor and the shares or any funds that are included in the power of attorney must be dealt with in accordance with the donor’s instructions. …