Question by  Venkatesan (6)

Do you need a power of attorney for the person that manages my family trust?

I have a family trust and want to make sure I do not need a power of attorney as well.


Answer by  patti (29325)

A trust is managed by an appointed executor who manages the funds. A "power of attorney" simply gives someone permission to act on your behalf in legal affairs because you are absent or in dispose. You grant power of attorney to another person for these purposes. This is not the case with the executor of a trust.


Answer by  angiem1981 (1059)

A power of attorney is typically required when the trust involves money for the use of a minor. This will depepend on the circumstances and where you live.

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