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  Home >> Special Situations >> Deceased Individuals  
What Should I Do With These Funds?

I requested a withdrawal as (POA) on my father's reverse mortgage a few days prior to his death. It was direct deposited into his checking account, of which I am joint owner. What happens to that money?


Hopefully, you have an attorney handling the estate and this is best directed there, assuming that prior to the death of your father the POA was valid and the transfer was complete. The funds in the account may be part of the estate and needed to repay obligations of the estate.

Published on BankingQuestions.com 12/29/09