From the financial institution's perspective, I imagine that the primary concern is whether the agent was authorized by the principal to exercise the specific authority. If the principal initialed the provision permitting gifts or transfers to a ...
That's an interesting question. I think someone could make the argument that designating property to the principal's estate was a designation to the nephew, as a beneficiary of the will. That's arguable. But I think it's not a designation to the nephew. ...
I'm not 100% clear that I understand the scenario, but I have two comments. First, I wonder whether " in a manner that is consistent with my wishes and expectations" is language that is appropriate in a POA. How would a bank know whether that ...