If you and your spouse die, can your power of an attorney keep your money in the state of IL
2006-09-16 09:51:45 · 4 answers · asked by ism 2 in Family & Relationships ➔ Friends
The power of attorney is not entitled to your money unless you leave a will or similar document giving it to them.
2006-09-16 09:56:47 · answer #1 · answered by baeb47 5 · 0⤊ 0⤋
The power of attorney is only valid during the lifetime of its executor. After his/her death, the "will" will come into force.
2006-09-16 17:18:07 · answer #2 · answered by Seagull 6 · 0⤊ 0⤋
no. power of atty lets them act in your place. The laws of inheritance take over. f there isn't any relatives or a will then the state takes it if there is no claim.
you can leave it to me>
2006-09-16 09:55:52 · answer #3 · answered by zocko 5 · 0⤊ 0⤋
No its the paper that states where the funds are to go and how
2006-09-16 09:54:04 · answer #4 · answered by joypandora 1 · 0⤊ 0⤋