Legal Question in Wills and Trusts in Arizona
Incompetent to Conduct Business
My wife and I have a Revocable Living Trust with a Durable General Power of Attorney. My wife is suffering from Alzheimers and is no longer able to conduct business. I would like a letter that can be signed by myself and her Doctor stating this fact to accompany a copy of the Power of Attorney than I need to send to our Stock Broker in order to sell some stock. Can you furnish me the necessary letter? Respectfully.
1 Answer from Attorneys
Re: Incompetent to Conduct Business
We can do so, and charge for our services, but I fail to see why you need a letter. The POA should be good enough. It is none of your stockbroker's business why you are operating under a valid POA or your wife's condition.
A sell order accompanied by the POA should be sufficient, but if you wish further Email us.
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