Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to becoming incapacitated, John executed a will and a medical power of attorney. John's daughter comes to you, his financial planner, and inquires as to whether she can manage his finances for him, since she is named as the executor of the will and the agent under the medical power of attorney. Which one of the following statements would be a correct response to her inquiry? A) John's daughter may not manage his financial affairs unless she is appointed by the court as his conservator. B) John's daughter may not manage his financial affairs unless she is appointed by the court as his custodian. C) John's daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney. D) John's daughter may manage his financial affairs because that was his express intent in a conversation you had with him several years ago.

Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to becoming incapacitated, John executed a will and a medical power of attorney. John's daughter comes...

Question #74 of 85

John, 84, has developed Alzheimer's and can no longer care for himself. Prior to becoming incapacitated, John executed a will and a medical power of attorney. John's daughter comes to you, his financial planner, and inquires as to whether she can manage his finances for him, since she is named as the executor of the will and the agent under the medical power of attorney. Which one of the following statements would be a correct response to her inquiry?

John's daughter may not manage his financial affairs unless she is appointed by the court as his conservator.

John's daughter may not manage his financial affairs unless she is appointed by the court as his custodian.

John's daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney.

John's daughter may manage his financial affairs because that was his express intent in a conversation you had with him several years ago.

Answered 41 days AfterJun 11, 2022

Answer To: Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to...

Rochak answered on Jul 23 2022

83 Votes

Answer:
C) John’s daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney.
(Explanation: This is true because in the situation John had a disease and therefore, he can no longer manage his finances or health...

SOLUTION.PDF

Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to becoming incapacitated, John executed a will and a medical power of attorney. John's daughter comes...

Question #74 of 85

Answer To: Question #74 of 85 John, 84, has developed Alzheimer's and can no longer care for himself. Prior to...

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment