Legal Question in Wills and Trusts in Florida
I work for an investment banking firm and have a client who has passed away. I am getting harrassing phone calls from another financial advisor in MN the clients home state. He says hes calling on behalf of the clients family and , wants information on this client however i will not give it to him until he provides proper documentation. Does he need a power of attorney or any other types of forms?
2 Answers from Attorneys
If it is a probatable asset, you need Letters of Administration or Letters Testamentary from the decedents home state. If it is in a trust, you need proper documents of the Successor Trustee.
You should consult with your firm's attorney.
If the individual is deceased then his/her Power of Attorney is no longer valid. You need to advise them to commence probate proceedings, have an individual appointed Personal Representative (executor, administrator, ...) and then you can provide them with the requested financial information. Until then, you should refer them to your legal department.
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