Legal information about financial powers of attorney

Questioner

A parent had authorized one of her children to manage her financial affairs because of her health. In the event of the death of a parent, the child can manage the bank balance without the intervention of a notary. What are the procedures for this?

Lawyer

It depends on the content of the power of attorney. Normally, the power of attorney ends upon death and the heirs are jointly authorized. Of course, it also depends on whether there is a will with the designation of an executor. If the authorized representative is no longer authorized, it is important to notify the bank of the death. The bank may require a certificate of inheritance from a notary.

Questioner

Okay, thank you.