Legal Question in Wills and Trusts in New Jersey
power of attorney
my grandmother passed. my uncle has power of attorney. He took a loan out on a house that had been paid off years ago and kept it in my deceased grandfathers name, Changed an existing life insurance policy down to 5k then took a policy out on my grandmother in only his wifes name. is this legal?
2 Answers from Attorneys
Re: power of attorney
He seems to have violated his duties as her fiduciary. He is subject to a law suit to recover the misappropriated funds.
Call me if you like.
Gary Moore, Esquire
Hackensack, New Jersey
www.garymooreattorneyatlaw.com
Re: power of attorney
You gave a little bit of a lot of information. First, once someone dies the power of attorney is no longer effective. As to the other questions, more detail is required. You should make an appointment to see a lawyer and bring with you any relevant documents. If you want us to help you, call our office.
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