
the check for the recent sale of my parent home (it is a large amount) with dementia went into the shared bank account the poa shares with her to help pay her bills. Is it true if my parent dies before the bank account becomes empty that the poa under survirvorship rights of a joint bank account can keep this money though my mother's will states to split up what is left in her estate amongst seven people? An attorney told me this is possible that the poa can keep what is left over in the shared bank account. Other references state otherwise. In my opinion this is morally and ethically wrong. Does anyone have experience with this situtation?
Or is either one or the other. And means both have to sign. I believe your attorney is correct about rights of survivorship.
So if you wish to know you can ask your sister or you can ask a banker (who needn't discuss a private bank account with you, and probably won't.
When your mother dies, whomever is the executor of Mom's Will, will do division of the assets as stipulated in the will. POA ends with death. If the home was sold and the money was deposited in a joint bank account, that wasn't very well done; but there you are. If you wish to bring some action against sister for self-enriching herself with improperly putting your mother's asset in a joint account with her there is possiblity of a suit dependent on laws of your state. That's for the attorney and you to discuss together.
Prayers that your mom lives long enough to drain the account.