Legal Question in Wills and Trusts in Virginia
spouse power of attorney
Does a spouse with assigned power of attorney have the legal right to change the beneficiary on their spouse's life insurance policy while that spouse is on their death bed.
Asked on 5/08/09, 11:35 am
1 Answer from Attorneys
Paul B. Ward
Law Offices of Paul B. Ward
Re: spouse power of attorney
A person holding power of attorney for another has a fiduciary duty to act in the best interests of the grantor of the power, and is not permitted to use the power to benefit him/herself.
Trying to change the beneficiary of a life insurance policy for a person on their death bed is extremely likely to result in challenges.
Answered on 5/08/09, 12:03 pm
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