Legal Question in Credit and Debt Law in Nebraska
Inheritance tax
My father and his sister where in the process of selling their father's house when my father died. My sister and I are the beneficiaries of his estate. The check for my father's side of the sale was made out to him, the bank won't let us deposit it into his old account, my sister is also on the account. The house was in Puerto Rico, so we just can get a new check sent. Since we also have power of attorney shouldn't we be able to deposit and draw upon the check? It should be devided between my sister and I. We also have his last tax return, how do we cash that?
1 Answer from Attorneys
Re: Inheritance tax
You need to hire a PROBATE attorney in the state where he died ( and possibly also in Puerto Rico). A Power of Attorney EXPIRES upon the death of the principal ( the person GIVING the POA).
Good luck with it.