Legal Question in Wills and Trusts in California

Question about investment of fathers money

I am DPOA of my father. I was thinking of investing some money into a relatively cheap home or condo for income. What do you think?


Asked on 6/14/08, 12:22 am

2 Answers from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Question about investment of fathers money

The value of real estate is either going to go up, or it's going to go down. Hey, whoever can time the bottom of the real estate market, or the top of the crude oil market, etc. stands to become wealthy. Get it wrong by a few months or years and you'll go broke.

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Answered on 6/14/08, 12:57 am
Mitchell Roth MW Roth, Professional Law Corporation

Re: Question about investment of fathers money

You are a fiduciary and can use your discretion. Avoid conflicts of interest and make preservation of capital your highest goal.

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Answered on 6/21/08, 6:10 pm


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