My dad received a check from my mom's retirement fund a week after her death. She authorized the funds to be paid out before her death. My dad is also the executor and beneficiary on her will and was her power of attorney. Can he deposit this check into their jointchecking account? What should he do?
Legally, the joint account is no longer joint; it's owned only by your father, so depositing the check there would not be correct. The correct way to handle the check is to deposit it to an account in the name of your mother's estate, or to request and obtain a replacement from the retirement fund payable to your father. The power of attorney is no longer valid.
Your father's bank may still accept the check for deposit. If it does so, the check could be returned by the retirement fund or its bank, and your father would have to reimburse the bank.
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Legally, the joint account is no longer joint; it's owned only by your father, so depositing the check there would not be correct. The correct way to handle the check is to deposit it to an account in the name of your mother's 