[WSBAPT] interesting question from a financial planner

[Laura Latta]

Knowing that this "five year rule" is out there in the financial world, I
usually recommend that my clients pull out their estate plan every
five(ish) years and, even if the will is up-to-date, consider
re-executing new powers of attorney. Not because the power of attorney is
invalid, but because a "fresh" power of attorney is easier to use. I don't
expect that most clients will do this, but I think they should know it's an
issue.


On Fri, Nov 19, 2021 at 2:39 PM Mike Zeno <mikez at zenolawfirm.com> wrote:

> I was preparing a Will and dpas for a financial planner, who posed an
> interesting question:  his company’s policy is not to accept powers of
> attorney that are more than 5 years old.  (I realize the policy may not
> have a solid legal foundation.)  He asked if that means you have to
> re-do/re-sign the POA every 5 years?
>
>
>
> How do folks deal with this issue?
>
>
>
> Mike Z
>
>
>
> *The Law Office of G. Michael Zeno, Jr., P.S.*
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*Laura LattaLaw Office of Laura Latta PLLC*

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