In our experience, banks have not been willing to rely on a General Durable Power of Attorneys very often. Their position has been - 1) They have no way of knowing if the POA has been revoked, 2) If the Principal wants someone to access or ...
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. ...