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Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser Arkansas Form

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Special or Limited Power of Attorney for Real Estate Purchase Transaction by Purchaser Arkansas Form

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power of attorney financial power of attorney and why do you need one if you have a revocable living trust centered estate plan so this question comes up because people say well if i have a trust i have a successor trustee for my incapacity during my lifetime and that means that they will just take over if i were to become incapacitated and yes that's 100 correct but where a financial power of attorney can help you is if you left out an asset let's say you bought a little rental house and you forgot to put it into your trust for whatever reason when your success or trustee takes over their job is to figure out what all your assets are and if they find that little rental house that's not in the trust then your financial power of attorney can transfer that asset from your name to the name of your trust because your successor trustee doesn't have the authority to do that so it's very important to have a financial power of attorney

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