Martha is age 80. Although she still has a sharp mind, she is concerned that she will eventually suffer from cognitive decline. Martha is the sole owner of a rental property, and also has a sizeable investment portfolio. Today, she has designated her granddaughter, Lilian, as her power of attorney for personal care. Lilian has a close relationship with Martha, but has very limited financial expertise. Based on this information, which of the following statements is correct?

a. Lilian can make healthcare and medical decisions on Martha's behalf starting today

b. Lilian's close relationship to Martha is more important than her lack of financial expertise

c.Lilian should consider delegating her responsibility to a more experienced corporate trustee

d. Lilian can make decisions regarding Martha's rental property, but not her investment portfolio

Martha is age 80. Although she still has a sharp mind, she is concerned that she will eventually suffer from cognitive decline. Martha is the sole owner of a rental property, and also has a sizeable investment portfolio. Today, she has designated her granddaughter, Lilian, as her power of attorney for personal care. Lilian has a close relationship with Martha, but has very limited financial expertise. Based on this information, which of the following statements is correct? Show answer choices a Lilian can make healthcare and medical decisions on Martha's behalf starting today Lilian's close relationship to Martha is more important than her lack of financial expertise Ulian should consider delegating her responsibility to a more experienced corporate trustee Lilian can make decisions regarding Martha's rental property, but not her investment portfolio