When dealing with a transfer of large sums of money from a business partner who has died abroad, what would the process be? The director of the bank is involved and wants to meet personally to sign for the transfer, once a ‘Power of attorney’ has been gained here and from the other country? I may be missing some of the info but I’d like someone to help me make sense of it PLEASE?
Tags: Account, Attorney, Bank, Director, Into, Large, Power, Transfer, Would
The power of attorney names an ‘executor’. The executor is the person who makes the decisions on behalf of your estate after death. This is usually a family member who is also the executor of the deceased’s last will and testament.
One cannot have a valid “Power of Attorney” for a deceased person. A POA ceases to exist when the grantor dies.
nutso. who’s the executor of the estate? is this a reputable US bank,
or some scuzzy offshore shell outfit?