From NASGA: Another Probate Horror Story in

MaryGSykes.com

From Joanne:

I’m not sure that POA’s a trust and will could have protected the Daughter in gship.

A better route would have been to do a POA, trust and will and then put the trust and property into an offshore account which does not respond to US court orders.

I believe Barclay bank, which has branches in the US and other banks might have been better.  But the reality is, every adult 18 and up should have POAs for property and health care and a will at the basic minimum.  If finances are intertwined, get a lawyer to draft up a real contract.  Do this well before any signs of dementia.

A trust is a great vehicle to protect assets in a bank account, valuable jewelry, paintings and paid up autos and homes.  If the trust is offshore, many will not respond to US court orders.  Protect your loved…

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