Trust & Power of Attorney
My father-in-law, a resident of Texas, passed away leaving most of his assets to a trust. We have had no problem taking ownership of these assets. There are a couple of accounts remaining that were not placed in the trust. I assumed that we would have to go to probate to transfer ownership of these accounts. Is it possible for the trust beneficiary, through a durable power of attorney, to transfer these assets to the trust? We have the original will, trust document, and power of attorney form. Thanks for any help you can provide.
My father-in-law, a resident of Texas, passed away leaving most of his assets to a trust. We have had no problem taking ownership of these assets. There are a couple of accounts remaining that were not placed in the trust. I assumed that we would have to go to probate to transfer ownership of these accounts. Is it possible for the trust beneficiary, through a durable power of attorney, to transfer these assets to the trust? We have the original will, trust document, and power of attorney form. Thanks for any help you can provide.
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