10/15/2026
Most families assume having Power of Attorney means you can handle a parent’s finances no matter what happens. In Today’s Tea on Title, our Estate Planning Specialist Attorney Michael Donovan discusses the harsh reality that catches people off guard:
The exact moment your parent passes away, that Power of Attorney becomes completely null and void.
You cannot legally sign checks, withdraw funds, or manage the account using that document. At that point, accessing those funds requires opening succession and going through the legal process—which takes time, patience, and proper planning.
Even bank policies vary on ownership designations, beneficiary forms, and surviving access. Don’t wait until you’re grieving to figure out how the accounts are set up.
Drop a comment below: Have you checked how your family’s accounts and estate plans are structured?
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