Vermont Estate Planning Blog

Friday, August 11, 2017

Estate Planning: Superpowers in Your POA

With Spider-Man and Wonder Woman demonstrating their superpowers in the summer box office, it seems like an appropriate time to review some “super” powers that should be found in a comprehensive Durable Power of Attorney.  (Yes, it’s ok to laugh, or groan at that segue, as you prefer.) Here are a few:

  • Power to gift or transfer assets (which may be necessary for tax planning or long-term care planning)
  • Power to self-deal (to allow the agent, especially if a spouse, to make gifts to himself/herself)
  • Power to access retirement plans
  • Power to access digital assets
  • Power to access assets held in trust


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