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re: is a power of attorney for aging parents a good idea?
Posted on 4/8/24 at 12:34 pm to Undertow
Posted on 4/8/24 at 12:34 pm to Undertow
quote:
One thing, though, some people don’t realize is when they die, power of attorney ends and you can’t use any of their assets to pay for funeral.
this makes no sense, isnt that exactly what a POA is for?
This post was edited on 4/8/24 at 5:27 pm
1
Posted on 4/9/24 at 10:52 am to keakar
quote:
this makes no sense, isnt that exactly what a POA is for?
No, this is a common misconception. The POA terminates upon death, and the executor of the estate takes over.
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