2007-03-22 13:26:24 · 5 answers · asked by Ms. R 1 in Business & Finance ➔ Personal Finance
NO! Upon death, POA ceases, and most likely that acct would be frozen.
You could possibly be named executor, but you can't spend a dime without the administrator approving of it. Also,an estate account must be opened.
If there any unpaid bills, you will have to give them to the executor and it become his responsibily to handle them.
2007-03-22 13:35:43 · answer #1 · answered by Barry auh2o 7 · 1⤊ 0⤋
Once he dies, the POA dies with him so you no longer have a POA.
The account is part of his estate and the executor needs to use that to pay any bills he may have left. Whatever is left will go to his heirs.
2007-03-22 20:50:34 · answer #2 · answered by Faye H 6 · 2⤊ 0⤋
POA is not license to steal, it only lets you conduct transactions on his behalf. POA's often expire with the person's death, so it might well not be valid any more. But even if it is, you can't just take the money out for yourself.
2007-03-22 20:45:12 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
now that he is deceased it would be the executor or administrator of the estate
2007-03-22 20:31:55 · answer #4 · answered by imshanon 1 · 0⤊ 0⤋
WHO IS EXECUTOR OF ESTATE? AND IS THAT MONEY PART OF THE ESTATE?
2007-03-22 20:29:28 · answer #5 · answered by cork 7 · 0⤊ 0⤋