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Can a power of attorney collect life insurance for a beneficiary on their behalf?
Wiki User
∙ 9y ago
No, not without that persons consent. Not to mention that person would have to qualify.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoIf they are the power of attorney for the beneficiary. A power of attorney represents a living person and they cannot represent that person after their death.
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If a deceased parent has life insurance with a step child as the beneficiary can the biological child with power of attorney be granted insurance monies?
No. The only person that can have that money is the beneficiary on the account. And then whatever is stated in the will. All the POA does is allows the POA to sign on your behalf if your not present or unable to do it because of your health.
Can person with a power of attorney take property from other residents when they live in another state?
An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.An attorney in fact under a power of attorney acts on behalf of the principal and has the authority to handle the principal's business and property. If the principal has property in another state the AIF can collect it on behalf of the principal. If the property does not belong to the principal then the AIF has no authority to take it.
What does a beneficiary do with a life insurance check?
In most cases, the beneficiary has no specific responsibility to do something with a life insurance payout. However, you should be careful to retain a portion of it to cover taxes that might result because of the income. Additionally, if the recipient of the proceeds gets it on behalf of another person (for example, a parent on behalf of a child), the recipient has a fiduciary duty to hold/use the funds in trust and for the best interests of the intended beneficiary.
Can you get insurance if your not the homeowner?
Yes, It is possible to purchase insurance on behalf of the owner. The Homeowners insurance policy must be in compliance with local law. The legal owner must be the beneficiary and must be listed as the loss payee for the insurance contract to be valid.
Can you cash an insurance check issued to your deceased father by his medical insurance to pay out of network doctors costs you have power of attorney over his estate?
Absolutely; power of attorney gives you the power to act legally on his behalf, which includes cashing checks.
Can you be a joint owner on a bank account the beneficiary and the power of attorney on your mother account?
You can have a joint account with your mother. You do not need a Power of Attorney to manage the account because it belongs to you as the co-owner. You do not need to be listed as the beneficiary on the account because it belongs to you as the co-owner.A Power of Attorney would empower you to act on your mother's behalf in all her business and legal matters except writing her will. You should consult with an attorney if your mother is thinking of doing some estate planning. The attorney could review her situation and explain her options.
Can a Power of Attorney stop a beneficiary from getting a copy of a mother's will?
In general, a Power of Attorney does not have the authority to prevent a beneficiary from accessing or obtaining a copy of a will. The Power of Attorney is a legal document that grants authority to someone to act on behalf of another person, typically for financial or legal matters. The beneficiary's right to obtain a copy of the will is separate from the powers conferred by a Power of Attorney.
Is an attorney-in-fact an attorney?
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
Can you insure a house you do not own?
You can if what your doing is buying or arranging insurance on behalf of the legal owner. The owner of the property needs to be the primary insured beneficiary. Other parties interests can also be listed on the policy.AnswerNo not really. The insurance looks for ownership documents I guess.
What is an attorney-in-fact?
An attorney-in-fact is an agent of the person giving him/her the power of attorney to act on his or her behalf.
Can you subpoena on someone elses behalf?
NO!Unless you are an attorney licensed to practice law and has the client permission, or you have a POA (power of attorney)to do such a thing on behalf of a caretaker you cannot sign anything on somebody behalf.
Dispute on life insurance beneficiary?
In the event of eventuality of the policy holder, the beneficiary is the nominee to get the death benefit amount. When the nominee is a minor, the appointee will act on behalf of the nominee till he/she attains adulthood to be eligible to get benefit amount. When both the policy holder and nominee die, the life insurance company will pay to the legal heir, duly certified by the Honorable Court.
