Dear Mr. Premack: I signed a general power of attorney six years ago. I want to know if it will ever expire. Thank you. — BA To know if it will expire, we have to define some terms. Generically, a “power of attorney” is a written delegation of authority from one person to another, so the second person can take certain actions on behalf of the first person. The creator of a power of attorney – the one who is delegating the authority — is called the “principal”. The person rece

The money still belonged to mother (in what might be called a “constructive trust”). In that case, there was no gift when the money was move

Step up in basis for inherited property