Attorney's vs. Power. Successor director - more powerful than others
Question: I am listed as a successor. My problem is listed as a permanent power of attorney for the real estate management of my father's real estate. Does one have more power than the other? Does POA have the authority to sell the property of my father or is I the successor? Thanks in advance - really confused. NH Answer: Dear NH - Generally speaking, as a successor trustee, as much as possible, you can have more power under the power of attorney. However, in reality, most state laws are more clearly defined with respect to fiduciary authority, and financial institutions are more certified in relation to trustees. That is why such things give superiority to trustees. If you are interested in a particular type of power, you need to check the law of a particular state. Your question is whether your brother has the power to sell your father's property on your behalf or whether you have power as a successor. I do not know if your father is still alive. Assu...