A well drafted powers clause will allow executors and trustees to do certain things without seeking court approval and may require court approval for other actions.
However, whenever you have trusted executors and trustees it is important to consider giving them the powers that they will need to act without constantly seeking Orphan's Court approval of business and related decisions.
David M. Frees III, Esquire
David is Chairman of the Trust, Estate and Wealth Preservation Section of
Unruh, Turner, Burke and Frees.
For a Free Report on The Ten Most Common Mistakes That Executors Make and How To Avoid Them
Call 610-933-8069 today.
He helps clients to draft wills, trusts, powers of attorney, and related estate
planning documents that carry out their desires with minimal costs, expenses,
and minimal family conflict and court intervention whenever possible.