The answer is possibly yes. The Will concerns only assets that are part of the probate estate after the mother dies. If the money needs to be used to care for her during her lifetime, then the assets can be sold. The POA would need to be reviewed to be sure, but in most cases, this would be something that the aunt could do, provided it is in the principal's best interest to do so. One caveat; if the aunt is joint on some of the assets and uses exclusively the assets which she would not be entitled to upon your mother-in-law's death, then this could be construed as self-dealing and a breach of fiduciary duties. It is possible, in other words, that the aunt may have a conflict of interest in acting under the POA. You should review the entire situation and all relevant documents with a probate attorney, to determine how best to proceed.
Answered on Mar 06th, 2014 at 6:25 PM