I am Durable POA and Exec of a 96 y.o.'s estate, 2 yrs ago prior to becoming Durable POA, she had transferred her company shares to me TOD and my name is on them now as TOD. So can I as Durable POA over Healthcare and Financial cash in 5 of the 550 shares for an emergency as POA? eventhough she has not passed?
Asked on 7/23/12, 8:18 pm
1 Answer from Attorneys
Kenneth Wilk
Rubino Ruman Crosmer & Polen
You can probably cash them in for her benefit if she is having an emergency but not for your benefit or your emergency.
Answered on 7/25/12, 11:04 am
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