A riddle asks what is black, white, and red all over and becomes worthless when you die. The answer is a power of attorney, which loses all authority the moment the principal dies because asset ownership transfers to the estate, where only an executor or trustee can manage it.
Chapters
Only 8% of people in the entire United States can answer the following question correctly. After I ask the question, pause the video and put your answer in the comments. Here's the question. What is black, white, and red all over and becomes totally worthless the moment you die? Now pause the video and comment and don't cheat. And the answer is your power of attorney. The moment you die, everything you own becomes property owned by your estate. From that point forward, only your estate representative can deal with your property. That would be someone appointed appointed by the court or named in your trust, because at the moment you die, your power of attorney becomes totally worthless.