a document that gives a person only the power to transfer property to a revocable trust...

a document that gives a person only the power to transfer property to a revocable trust previously created by the grantor of the power even if the grantor is incapacitated is known as a:

A. broad durable power of attorney

B. directive to physicians

C. health care power of attorney

D. limited durable power of attorney

Expert Solution

The answer is option "D" - limited durable power of attorney.

Limited durable power of attorney is limited in scope and allows the agent in question to to act as the authorized legal representative of the grantor, particularly when the grantor is incapacitated. The law requires the grantor to be in proper capacity at the time when the limited durable power of attorney is signed.

jeff jeffy answered 2 years ago

Prepare a "draft" Will, Trust or Power of Attorney for yourself or a fictitious person. This...

Prepare a "draft" Will, Trust or Power of Attorney for yourself or a fictitious person. This is called a Draft because it will not be executed and is intended for you to put into practice what you have learned. Follow the legal requirements in your state of Virginia for the making of a Will ,Trust or Power of Attorney and that you are fairly detailed.

when property is held in trust; the trust agreement specifies what happens to the property when...

when property is held in trust; the trust agreement specifies what happens to the property when the grantor dies. These actions happen automatically without having to go through the court system. Beneficiaries don’t have to bear the burden of court costs associated with probate. Can you think of any advantages a will may have over a trust

You want to transfer a document from one computer to another, and you want the document...

You want to transfer a document from one computer to another, and you want the document to be encrypted. The destination computer is on another network, so you know data has to travel through one or more routers. The network technology on your network is Token and ring, but the technology on the destination network is Wi-Fi. From what you have learned about networking, should this document transfer work? Why or why not? Which layers of the OSI model are...

Hope Pty Ltd is the trustee of Jones Family Trust. The trust property is worth $500,000....

Hope Pty Ltd is the trustee of Jones Family Trust. The trust property is worth $500,000. Hope Pty Ltd runs an internet café on behalf of the trust. The trust deed notes that the trustee can only enter into contracts in relation to running the internet café. However, Hope Pty Ltd, on behalf of the trust, entered into several transactions worth $200,000. These transactions were in relation to building a railway in India. Hope Pty Ltd pays the $200,000. Advise...

Jane Pty Ltd is the trustee of Moore Family Trust. The trust property is worth $450,000....

Jane Pty Ltd is the trustee of Moore Family Trust. The trust property is worth $450,000. Jane Pty Ltd runs a cafe on behalf of the trust. The trust deed notes that the trustee can only enter into contracts in relation to running the cafe. However, Jane Pty Ltd, on behalf of the trust, entered into several transactions worth $150,000. These transactions were in relation to building a railway in Sweden. Jane Pty Ltd pays the $150,000. Advise Jane Pty...

Document frequency is A. query and document B. query only C. term only D. term and...

Document frequency is A. query and document B. query only C. term only D. term and document E. term, query, and document

What document provided by the seller describes the condition of the property?

What document provided by the seller describes the condition of the property? Home inspection report Loan estimate Comparative market analysis Property disclosure

Capsim is a simulation of a business and gives the person the possibility to run a...

Capsim is a simulation of a business and gives the person the possibility to run a business as a manager before the actual business becomes into effect. During the simulation a person takes responsibility of a business and run the company as a manager. In addition, it gives the person the ability to see what a person can do better in order for their business to compete and be better with competitors. Different things I had learned from business capsim....

BUSINESS LAW REAL ESTATE LAW What are the requirements for a "deed" (a document to transfer...

BUSINESS LAW REAL ESTATE LAW What are the requirements for a "deed" (a document to transfer title to property) to be valid?

The transfer of a tenant's ENTIRE interest in leased property to another is known as: a....

The transfer of a tenant's ENTIRE interest in leased property to another is known as: a. a sublease b. a delegation c. a right of entry d. an assignment Basil has a personal check certified by Citibank. If the named payee presents the check for payment and Citibank dishonors it then Basil will: a. remain primarily liable b. remain secondarily liable c. no longer be liable since the check was certified d. none of the above If Joe writes a...

Question