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In surrendering all ownership and beneficial interest in the transferred property, the donor (or the donor's financial adviser) is permitted to manage the account's investments, subject to a limited power of attorney allowing the donor to act as the investment manager for a fixed term. Alternatively, you can limit the powers of your agent, in a limited power of attorney for finances, to a specific timeframe, or to specific functions. Every adviser is given some limited power of attorney, generally only the right to enter buy and sell orders. |
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