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DOES HAVING A LIVING TRUST AVOID THE NEED FOR A POWER OF ATTORNEY?

April 26, 2017avoid Living trust power of attorney

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DOES HAVING A LIVING TRUST AVOID THE NEED FOR A POWER OF ATTORNEY?

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If all of your assets are in a living trust and the trust is properly drafted, you may not need a power of attorney. However, most people who create living trusts fail to transfer all of their assets to the trust and the trustee named in the living trust has no authority over assets that are not in the trust.