im poa for my mom and i have no sibilings when she passes the remainder bank account that she has will i be able to get that or what?
- babyboomer1001Lv 72 months ago
You didn't mention what kind of a POA you have. Of course - it matters. A POA isn't going to do squat for you once she dies. If you want her bank account, she will have to Will it to you.Source(s): Certified Paralegal, with 25+ years' experience.
- car253Lv 72 months ago
Best thing to do NOW is to get a "Named Beneficiary" on her bank account. This way you have no problem at the bank later.
- curtisports2Lv 72 months ago
If it is not a joint account in both your names, that account will be frozen upon her death. Your POA expires upon her death. The account will belong to her estate and you cannot receive any estate assets, assuming you are the sole beneficiary of her estate, until all estate debt is paid. Any money she has will first go to her final expenses, then to any taxes she owes, and then to paying all of her ongoing bills and finally, retiring any debt she had.
This can be a problem, paying the funeral bill, if all of her money is tied up in her estate. Until whoever is named executor in her will receives their authority from the probate court to act as executor, the estate's money can't be touched.
- TavyLv 72 months ago
The POA stops when she dies. She needs to make a Will,as her money will be frozen until her Estate goes through probate.
You cannot take money from her bank account.
- What do you think of the answers? You can sign in to give your opinion on the answer.
- A HunchLv 72 months ago
Power of Attorney dies with her.
How the money is handled after she passes, depends on how the accounts are established and how her estate is to be handled.
- JudyLv 72 months ago
depends on a number of things, like what's in her will if she has one, or in her state laws if she doesn't. Also if she's married or not, and how the account is set up.