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What are the responsibilities of the Power of Attorney after death POD?
Wiki User
∙ 14y ago
The attorney-in-fact under a Power of Attorney has absolutely no power or authority after the death of the principal. The POA expires once the principal has died. However, if the attorney-in-fact has been handling the affairs of the decedent, she/he should hand over any records, including bank accounts, to the executor or administrator of the estate.
Wiki User
∙ 14y ago
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What does POD mean on bank statement?
Payable on death
Can a POD elect to reissue an you Bond on the death of the owner or must it be cashed in?
The POD becomes the new owner upon the death of the listed owner. You can hold on to it as is until you'd like to cash it in.
What does POD stand for?
If you're referring to the band, it stands for, "Payable On Death."
On a savings bond what does POD mean?
It means "pay on death" and it's used to declare a beneficiary for the bond.
What does POD stand for on bank statement?
Payable On Death - there is a beneficiary on the account for some reason.
What does POD on a bank statement mean?
on a bank account statement, it means Payable On Death
How do you build an escape pod in Lego star wars?
hold power the of the force
What does banking POD stand for?
It usually means "payable on death", but could also be "payment on delivery".
What does pod on savings bond mean?
It means "pay on death" and it's used to declare a beneficiary for the bond.
What are the stages of the plant?
germination, growth, flowering, fruit or seed pod production, seed dispersion, death
What does POD mean on a bank account?
pay on death. The named person needs to present a death certificate to receive the funds
Can I as executor and having joint account with my mother write checks to my siblings without a lawyer since my mother lives with me and has no debts?
Your status as executor has no bearing as to whether you have access to your mother's finances while she is living. Additionally, whether you live with your mother or whether she has debts or not has no bearing as to whether you have access to her finances. What you need is a power of attorney. That being said, if you are also named on your mother's bank account as an account owner, then you have full access to write checks on that account just like she does. Be careful that you are not listed as TOD (Transfer on Death) or POD (Pay on Death) though instead of an actual account owner. Those who are listed as TOD or POD have no right to the account funds until the account owner dies.
