Is it necessary for my wife to spend money for a financial POA or anything else since she is the sole beneficiary of her mother’s estate but there is really nothing to split up?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Is it necessary for my wife to spend money for a financial POA or anything else since she is the sole beneficiary of her mother’s estate but there is really nothing to split up?
My wife’s mother lives with us and is on hospice care. She is in poor condition and her days are numbered. My wife is the beneficiary of her minimal life insurance and will be handling all matters pertaining to arrangements when that time comes. My wife has a half brother and half sister which are also her mother’s children but are not involved with their mother’s life. Her mother has no real estate or properties to disperse, pretty much the clothes on her back and some personal belongings. She has signed a DNR order and a health POA through hospice.
Asked on June 22, 2015 under Estate Planning, Illinois
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
I am so sorry for the situation. A POA dies with the person for whom it is enacted so it will do no good for your wife once her Mother passes. If there is a beneficary designation of ehr life insurnace already on file then you are all set with that. As for her personal belongings, your Mother in law may want to give them away now before she passes. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.