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Is it legal for a person who has power of attorney to with draw money from an account after the person is deceased in Ohio?
Yes. A Power of Attorney gives the holder of the same, unlimited power in terms of carrying out any kind of activities on the issuer's name. The holder of the power of attorney can act as a proxy to the issuer and carry out banking transactions on his behalf. It is perfectly legal.
What else can I help you with?
What is the process for obtaining power of attorney for a deceased person?
To obtain power of attorney for a deceased person, you would need to go through the probate process and be appointed as the executor or administrator of the deceased person's estate. This would give you the legal authority to act on behalf of the deceased person.
How do you access an account when a person is deceased?
Only the legal heir of the deceased person can access his account. The legal heir must carry proof for his legal status as heir to the deceased person and also proof that the account holder is no more, in order to gain access to his account. If you cannot provide proofs for either of the above mentioned things, the bank does not have a legal obligation to provide access to the deceased individuals account.United StatesThe account can only be accessed by the court appointed estate representative, i.e., executor or administrator.
Can you cash a check from a deceased person?
As long as there are enough funds in the account that the check is being drawn from to cover the amount of said check and that YOU would have the legal right to withdraw funds from that account. Yes.
Can a power of attorney and proprietor both operate an current account?
Yes. Both the owner/proprietor of a bank account and the person to whom they have given power of attorney can operate a bank account. Actually a person with power of attorney is as good as the person (in legal terms) itself and so they both can operate the bank account without any issue.
How can one obtain power of attorney for a deceased person?
To obtain power of attorney for a deceased person, you would need to be appointed as the executor or personal representative of their estate through the probate court. This process involves submitting the necessary legal documents and following the specific procedures outlined by the court.
What happens if a person sold a property of a deceased person and used a power of attorney?
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.
How can one create an estate for a deceased person?
To create an estate for a deceased person, one must follow the legal process of probate. This involves submitting the deceased person's will to the court, identifying and valuing their assets, paying off debts and taxes, and distributing the remaining assets to the beneficiaries as outlined in the will. It is important to consult with an attorney or estate planner to ensure all legal requirements are met.
Can you cash a check for a deceased person who is not a relative?
No, you generally cannot cash a check for a deceased person who is not a relative. Only authorized individuals, such as the executor of the estate or someone with legal power of attorney, can manage the deceased person's financial matters. Attempting to cash a check under these circumstances may be considered fraud. It's best to consult with the estate's representative or legal counsel for guidance.
What does a bank need if a deceased person has certificate of deposit or accounts in their bank?
They actually don't need anything. However if someone needs to withdraw the money from that account of the deceased person they must:provide proof that the person is actually deceased (A death certificate)provide proof that he/she is the legal heir of the deceased (A will or a relationship proof that they are the son/husband/wife/daughter of the deceased)Once the bank verifies these documents, they will release the funds from the deceased persons accounts to you. Without these you cannot take any money from that account.
Is it legal for a California man to marry widows sister?
only id he had power of attorney for after he was deceased
Is the family allotted money from a deceased account?
It depends. a. If the deceased individual has a legal will, the people mentioned in his will, will be given the money from his account b. If he does not have a legal will, then his legal heirs (spouse and/or children) will be given the money from his account c. If he does not have any spouse or children, then the remaining family members will be given the money
What makes you a legal personal representative?
It may depend on the situation being referred to. A legal personal representative could be an individual acting under a Power of Attorney issued by by the grantor. - or - A legal personal representative could refer to the individual acting under the authority of the probate court as the Executor of an estate .
