My Gr Aunt CREDIT CARD will Power of Attorney have to pay the bills-If my aunt die she is 96 years o
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Her only income is her SS Check--can she ask that the bill be written off. I do not think they can take her check--My cousin is her Power of Attorney....I am sure she is responsible for some of the charges....I would like to think she has abused her Power.
If her bills are written off --Will this make her credit bad? Sometime she has to get her medicine on her credit card...I told my cousin to keep one card or will she have to close her one card?
My Aunt is 96 years old and has early Demenita..i do not live in the same state as my Aunt and cousin.
My Gr Aunt CREDIT CARD will Power of Attorney have to pay the bills-If my aunt die she is 96 years old?No the POA will not have to pay the bills when she dies. Normally her estate ( house ) would. If she owns her house outright and leaves the proceeds of the house to people in her will then sometimes they take out what she owed on her credit card out first.
Example...she owns a house that is worth $150,000
She dies and owes $15,000 in debt. They take the 15,000 from the 150,000 THEN split up the rest of give the rest to whoever she leaves it to in her will.
If she doesnt own her house now, when she dies if no one takes over the credit card then useally it is just written off by the bank.
Hope that helps.
My Gr Aunt CREDIT CARD will Power of Attorney have to pay the bills-If my aunt die she is 96 years old?Powers of Attorney are only good/valid while the principal (Great Aunt) is alive. Once she dies, the power of attorney "dies" with her. At this point her Last Will and Testament takes over and the Personal Representative (Executor) appointed takes over and handles any bills left by the Textatrix/Testator (Great Aunt).
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