Q: is it legal that POA changed beneficiary of a life insurance to themselves.
My mother made my sister POA. My sister made herself a beneficiary of life insurance policies. Is that legal.
A Power of Attorney (POA) does not grant the agent (in this case, your sister) the authority to change the beneficiary of a life insurance policy to themselves unless specifically authorized by the principal (your mother) or allowed by applicable laws.
Changing the beneficiary designation on a life insurance policy to benefit the agent themselves, without explicit authorization or legal basis, could potentially be seen as a breach of fiduciary duty and may be subject to legal scrutiny.
Jack Mevorach agrees with this answer
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