We are working on our living trust with a lawyer now. As part of it, the lawyer prepares a power of attorney for financial, in which I assign my hu*****und as my agent, and if he is not capable of doing that, I have xx as the alternative agent (xx is a family friend we trust). In the document it gives the agent many powers such as buy/sell stocks/securities, buy/sell property, other invest/reinvest etc. I don't feel comfortable giving such powers to xx, because I have heard stories that the assets shrink a lot after unwise investing operations (I do trust xx as a person, but not on investment). I asked the lawyer to remove those powers, but was told that it's common practice to give those powers. Now I don't know if it's really common practice, or, it's just the lawyer unwilling to redo part of the paperwork. Could you share your experience on this? Thanks.
请问做过living trust的朋友
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回复:请问做过living trust的朋友
-lilyin-
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12/20/2005 postreply
22:39:19