Question
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
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? O Lilian's close relationship to Martha is more important than her lack of financial expertise O Lilian can make healthcare and medical decisions on Martha's behalf starting today O Lilian can make decisions regarding Martha's rental property but not her investment portfolio O Lilian should consider delegating her responsibility to a more experienced corporate trustee
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