|
 |
Home >> Special Situations >> Powers of Attorney
POA Uses SS Check, then SS Takes it Back
I am POA for my grandmother's checking account. She passed away on Dec. 23. Her social security check was deposited on Dec. 31, and with no life insurance, I used the funds for her funeral expenses, since that was her December paycheck. Now I went to try to close the account, and I found that social security has automatically taken the money back, leaving me extremely in the negative and unable to close the account. I'm on unemployment, so I don't have any income or wages to pay. Any information you could give me that would help me would be greatly appreciated. I filed bankruptcy about four years ago and I'm really worried about the affect this will have on me trying to build my credit back up or even use my own personal bank account.
|
Untitled
|
 Your grandmother's power of attorney ended at the moment of her death. That, coupled with the fact that there was no entitlement to the December 31 check, because your grandmother died during the month, makes for a bad situation for you, and taking the funds away from you was the only thing that could have been done. You will have to look for other sources to repay the overdraft that has resulted.
Published on BankingQuestions.com 1/21/10
|
| |
|
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
