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What happens if a person sold a property of a deceased person and used a power of attorney?
Wiki User
∙ 14y ago
A POA is extinguished at the moment of death. If a POA was used to sell the property of a deceased person the sale was null and void. The former attorney-in-fact had no legal interest in the property, couldn't sell it and committed a fraud. The buyer did not get title to the property.
Wiki User
∙ 14y ago
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Tax on all real and personal property of a deceased person is?
estate
What type of tax is imposed on all real and personal property of a deceased person?
estate (A+)
Who is responsible for back taxes owed by deceased with no estate?
The person(s) who control any property left behind by the deceased.If the taxes exceed the value of the property, then the government will not be able to collect the difference.
Are the parents of a deceased adult son responsible to file federal tax returns when the person died intestate?
The executor of the estate is responsible. They are required to file a tax return for the deceased. It may be a good idea to consult a tax attorney before doing this.
How long do you keep tax records for a deceased person?
How long a person keeps tax records for a deceased person will vary depending on the circumstances. Use your best judgment. It is recommended that a live person keeps their records for 5 to 7 years.
How does a sibling of the deceased obtain power of attorney?
You cannot acquire a Power of Attorney for a person who has died. If there is property that must be transferred, and no will, you must petition the probate court to be appointed the Administrator of your deceased sibling's estate.
Who protects a deceased person's property?
The executor of the estate.
Can you buy a property of a deceased person that has no executor?
You have to buy the property from someone. And the only person that can sell it is the executor.
What happens if you take money out of deceased dads bank account without power of attorney?
A power of attorney represents a living person, so any power of attorney is no longer valid. They would have to be on the bank account or the executor to legally take the money out.
Does pwer of attorney give you power of the deceased person money?
No. A power of attorney ends upon the death of the principal.
How do you know who has power of attorney if lawyer is unknown and person now deceased?
If a person is deceased any Power of Attorney expired at the moment of death. There is no POA that can be connected to a person who has died. In order to acquire the authority to handle the property of someone who has died an Administrator must be apppointed by the court. If you are an heir at law of the decedent then you could petition to become the Administrator of their estate. You should consult with an attorney who specializes in probate or with a clerk at the probate court to determine what you need to do to settle the estate.
What happens if you die without a will in Ohio?
A person who dies without a will is said to be intestate. Each state has specific laws about how property is divided when the deceased is intestate.
When a person has power of attorney are they supposed to follow all wishes of the deceased?
A power of attorney represents a living person. After their death, the power of attorney has no power to do anything, the executor takes over.
If a person that reserves a life estate in property but does not occupy the property becomes incapacitated and has a power of attorney does the appointed person have control over the property?
The power of attorney will have control of the property as long as the individual remains living. The life estate and the power of attorney expire on the death of the grantor.
Can the person with durable power of attorney sign their deceased spouses name when depositing a check?
No.
Can your deceased mothers life estate property be reversed?
A deceased person could have their life estate property revised. It is best to seek the advice and assistance of a lawyer.
Tax on all real and personal property of a deceased person is?
estate
