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Old 04-14-2018, 12:27 PM
EPutnam1863 EPutnam1863 is offline
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I think I know what the problem is. You may be right in that your father did not really understand what it is all about. POA is not the same as trustee. The trust would have to have a provision for POA to access the trust and the trustee would have to agree to withdrawals from the income that the trust creates. Sometimes there are provisions for unusually large withdrawals, requiring dipping into the principal. Yes, you will need permission from your parents to consult their attorney for further clarification. It would be best if your parents are also at the meeting so you can ask them questions if necessary.