My father is in his late seventies. He made a will several years ago leaving his property to myself and my brother. I now run his affairs for him and have a power of attorney on his bank account. He does not have a legal guardian. When he dies will I have access to his bank account to cover funeral costs and other debts ?
By: דיאנה שאלתיאל•Published on: 13 May, 2022No! Such a power of attorney is automatically cancelled upon death . Accordingly a family member with a power of attorney on the deceased’s bank account will not have access to funds upon his death. If, however, the elderly parent appoints the family member as a joint account holder then access to the funds will continue after death.