<div dir="ltr">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. <div><br></div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Nov 19, 2021 at 2:39 PM Mike Zeno <<a href="mailto:mikez@zenolawfirm.com">mikez@zenolawfirm.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)">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?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)">How do folks deal with this issue?<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)">Mike Z
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12pt;font-family:"Times New Roman",serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="color:rgb(31,73,125)">The Law Office of G. Michael Zeno, Jr., P.S.<u></u><u></u></span></b></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125)">T: (425) 947-8050 F: (425) 947-8052<u></u><u></u></span></p>
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