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Old 06-02-2003, 01:16 AM  
jimmy3way
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Join Date: Sep 2001
Location: Top Secret Hideout
Posts: 2,508
Quote:
Originally posted by theking


I am from the USA so I can only speak about the USA...but a "living will" in the USA does not go through probate court and there are not any attorneys involved after the person dies...this is because named assets in the will are "virtually transferred" to the inhieritor prior to death through the "power of attorney". In the USA their are two types of "power of attorney" one is limited in power and the other is not. Bottom line...when the person dies...you use the power of attorney to sell assets...or transfer funds...or sell stock etc. etc. It is not contestable by anyone as you and you alone already own all assets via the power of attorney.

Maybe you are aware if this exists in Canada?
That ranks among the dumbest, most jailhouse lawyer things I've ever heard.
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