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short answer ~ No
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∙ 9y ago
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You had power of attorney your mother died went to bank and she had signed beneficary to aunt for a large sum of money Is there anything you can do to stop her getting all this money?
Your power of attorney expired on the death of your mother. You may be able to do things as executor of the estate, so apply to the probate court.
Can IRS take money from a dead persons acc?
If the person owed taxes at the time of death - yes they can !
What is normally covered by accidental life insurance policies?
Accidental life insurance typically pays out a predetermined sum of money in the event of a persons death. However, this predetermined sum of money will not be paid out if the persons death was not determined to be an accident, such as if they committed suicide or died of old age complications.
Can someone with Power of Attorney give out a pre-inheritance before the persons death in the amount stated in the will and then not pay them again on the persons death?
Absolutely not. A POA does not give the attorney in fact the power to give away the principal's property. A will only becomes operable upon a person's death. It is not "money in the bank" for the beneficiary. The owner of the property may use or need it before she dies. If the scenerio you described took place it would be stealing. If the owner wants you to have their property now they will gift it to you.
Who receives the benefits or money from a life insurance pplicy upon the death of the insured?
Upon the death of the insured, the person or persons selected as the receiver of benefits in the contract receives the benefits or money from a life insurance policy.
The beneficiary died after the policy holder who is also deceased Who is the beneficary spouse or children from previous marriage?
When the policy holder dies, the money goes to the beneficiary. If the beneficiary then dies, THEIR beneficiary then gets the money.
Is an executor accountable for money spent BEFORE death?
They have no control over things that happened before death. They may be able to bring some of it back into the estate.
What happens if a custodian on a trust account takes money our of the account without knowledge or approval of beneficary Mother took money out of daughter's account and will not go to the bank to transfer funds into child's account.?
Nothing will happen.
Did Jefferson free his slaves before his death?
No, because he was making a lot of money from their use.
How much money is Whitney Houston currently worth just before her death?
alot.
What is presentation of documents under a letter of credit under reserve?
Provisional payment made to the beneficiary of a letter of credit (L/C) where the documents submitted under the L/C has discrepances. If the issuing bank reject the docs, the nego bank can claim the money back from the beneficary. Here the exposure of the bank will be on the beneficary and not the issuing bank.
Are executor fees taxable income if the deceased was a family member and the executor was also a beneficary?
There is a distinction between money the executor receives as compensation for administering the estate and money the executor receives as an inheritance. The fees are taxable income, the inheritance is not.
