Q: Is a certified adult name change order sufficient to attach to an existing Power of Attorney in Texas?
I got married and legally changed my entire name. I am the agent on my parents Statutory Durable and Medical POA', and I am listed as a beneficiary in their wills as well. My financial institution is allowing me to attach a copy of the certified order of my name change to their POA's for their purpose, but will this also suffice for everything else or should we remake the POA's entirely? One of my parents has dementia and may not be able to execute another document. And, does a POA have to written by an attorney in Texas?
A: Statutory Durable Powers of Attorney are tricky in that different financial institutions have different requirements. While the certified order may suffice for purposes of one financial institution, it may very well not for another. The safest bet would be to create new powers of attorney which can be done fairly inexpensively with a qualified Estate Planning firm.
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