Q: Can one;s power-of-attorny change beneficiary on the principal's 401K?
When I get cognitively impaired (I have Parkinson's Disease), I am positive my spouse would not leave any financials to the children of my first family. She just does not like them.
I asked this question about 2 weeks ago but received no notice that you got it.
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A: Absolutely...You may wish to revoke the POA and appoint someone else to act on your behalf. Consult with a competent MN attorney.
A: If matters like this are a concern, you should make sure the Power of Attorney doesn't permit it. It seems you would benefit from consulting with an attorney.
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