Absolutely NOT! Unless he would like an extended visit to a state prison. If the POA grantor is competent and wishes to leave all such assets to the son in by means of her will or by legally transferring said assets to the son, then the assets might not be subject to probate procedure. Although any sign of misappropriation of assets would be subject to audit by the probate court and by state and federal tax agencies. Of course all other "interested parties" would be able to contest the will and possibly the transfer action upon the death of the grantor. It is assumed that the POA holder is aware that any such transaction needs the approval of the probate court before they can be done.
The Power of attorney is invalid after death. depends which one you have the one i had when my dad pass was invalid after death and they usually lock the account and you cant get anything unless "will" says so and no bills to pay
If you are one of the account holders, yes. You do not need a power of attorney to do so. Also a power of attorney expires on the death of the grantor.
The executor of the estate can close and empty the bank account. Distribution will be in accordance with the will. Consult a probate attorney in your state. You have to wait until the will goes through probate.
It should not affect your credit unless you signed as a guarantor on any of the agreements. In most cases the debts of the deceased, including funeral expenses, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. Consult a probate attorney in your jurisdiction for help.
You do not need anything other than your power of attorney form. If you will be using your mother's account to make transactions on her behalf you will sign your name on the check and below the line write 'Acting as POA'.
Yes, he was. He was discovered by her pallbearers.
Send Your Best Angel by the Singing Cookes
my mother passed away today and my sister said myself and my brothers can not attend the funeral can she do this or not
A power of attorney terminates when the principal dies. You need to petition the probate court to be appointed the representative of her estate.
You may request the action in your suit, but it is completely at the descretion of the judge as to whether or not you recover such expenses.
Mattie The waitress who is hired days after her mothers funeral
Power of attorney over your mother's account means that you are allowed to use her money in her best interests. This will usually mean you can not give it to someone else, unless you are paying him for mowing your mother's lawn or something like that. All your accounts can be checked to make sure you are doing the right thing.
No, you cannot. To do so would be fraud and theft.