QUESTION
does power of attorney become null and void when designated representative dies>
Asked on Jul 19th, 2021 on Trusts and Estates - Michigan
More details to this question:
Designated representative dies (this person's cousin) does that make Power of attorney null and void? The court is asking for 5% of settlement in which settlement is $950,000. They want 5% of settlement ($47,500) because cousin died weeks before settlement would be released. It doese't sound right to me. They wouldn't even let it be drawn from settlement because that would be unprofessional. ??
1 ANSWER
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Powers of Attorney immediately cease upon the death of the designee.
I would highly recommend you get legal counsel specializing in estates and probate.
Answered on Jul 24th, 2021 at 9:31 AM