I was a caregiver for an elderly gentlemen.His daughter is...
1 answer
|
Last updated: Apr 12, 2010
Q
I was a caregiver for an elderly gentleman. His daughter has his Power of Attorney. I have not cashed a personal check that they issued to me for the services of taking care her father. She told me I better cash it in case he passes away because then the bank will freeze his account and I wouldn't be able to get the money - is this true?
A
Steve Weisman hosts the nationally syndicated radio show A Touch of Grey, heard on more than 50 stations, including WABC in New York City...
100% helpful
His daughter is giving you good advice. Generally, a check may not be cashed by a bank if it is drawn on an account of a deceased person. It is always a good course of action to cash checks as soon as you can, but if there is a possibility that the person who drew the check may die, you could be in a position where in order to be paid you would have to make a later claim against the estate. Cashing the check promptly is quicker and simpler.
