- Jurisdiction
- Tennessee
A little background:
15 years ago my aunt and uncle made me their Executor of Estate, added me as an authorized signatory on all of their accounts, made me the POD on the accounts, and added my name as someone who could access their safe deposit box.
My aunt is in the nursing home with end stage Alzheimer's, and my uncle has been handling their affairs. My uncle passed away in March, and I have petitioned the court for, and been granted, a conservatorship over my aunt with full authority to manage her affairs up to and including disposing of property. My plan is to sell the real estate and personal property, including vehicles, as it will only depreciate. An account will be opened, and all proceeds from these sales will be deposited into this account to pay for her care. My question is this; what happens to the other bank accounts when she passes? I do not foresee her outliving her funds, and I am curious if the POD will remain in effect when she passes, or if this will change since I have been granted the conservatorship.
Thank you for considering my question.
15 years ago my aunt and uncle made me their Executor of Estate, added me as an authorized signatory on all of their accounts, made me the POD on the accounts, and added my name as someone who could access their safe deposit box.
My aunt is in the nursing home with end stage Alzheimer's, and my uncle has been handling their affairs. My uncle passed away in March, and I have petitioned the court for, and been granted, a conservatorship over my aunt with full authority to manage her affairs up to and including disposing of property. My plan is to sell the real estate and personal property, including vehicles, as it will only depreciate. An account will be opened, and all proceeds from these sales will be deposited into this account to pay for her care. My question is this; what happens to the other bank accounts when she passes? I do not foresee her outliving her funds, and I am curious if the POD will remain in effect when she passes, or if this will change since I have been granted the conservatorship.
Thank you for considering my question.