Bob Johnson is a customer of Big Brokerage Services. A year ago, Bob signed a power of attorney, granting Lily, hisdaughter, third party trading authorization. Lily has been prudently managing the account and has made severaltransactions in the account. Sadly, Bob dies. Bob's will is opened and Lily is named executor of her father's estate. Sheinforms her father's registered representative, Karen, of this. Which of the following is TRUE?