Legal Question in Wills and Trusts in Indiana
Father is deceased. Mother has no will. No debts. Owns everything. Sister is POA and has her name on checking and savings account. what happens when mother passes away?
Asked on 1/23/12, 4:01 pm
1 Answer from Attorneys
Jay Rigdon
Rockhill Pinnick LLP
It depends on what "everything" is. If only jointly held bank accounts, then they will go to the survivor; if Mom passes first, then Sis. As to other solely owned assets, then to the children (the POA doesn't enter into it) when Mom dies.
Answered on 1/24/12, 8:45 am
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