AA - 2017

Author:  Lindsey Thorpe – STBB
1 August 2017

SPOUSE GRANTING POWER OF ATTORNEY PASSES AWAY

If I give my spouse a power of attorney to operate on my banking accounts, will he or she still be able to continue to operate these accounts after I die?

In terms of South African law a power of attorney granted by a person during his or her lifetime becomes null and void when the person who granted it dies.

In addition, once a person has passed away no one is legally permitted to deal with any assets in that person’s estate except an executor in whose favour the Master of the High Court has issued Letters of Executorship.

For assistance in all aspects relating to the administration of deceased estates, contact our offices for a consultation on info@stbb.co.za or on www.stbb.co.za.