I have Power of Attorney and am executor of Dad's estate. He has a will but he also signed Pay on Death papers for everything but his house and truck. Can I transfer his home and truck apart from the will? I want to use the Pay on Death papers and Power of Attorney as much as possible and avoid the hassles of using the will. Can I still sign and deposit checks made out to him using the Power of Attorney? Can I transfer ownership of his home and truck using the Power of Attorney? Can I change the Pay on Death papers using Power of Attorney?
With reference to this response: "BTW, you can still sign his checks, but as the Personal Representative, i.e., the executor of the will. I am not quite sure of all legalities, but you may have to get your letters testimentary before you can sign as PR. Does anyone know if this is the case?", does anyone know when and how in the process I as executor become PR?
As for POD, my Dad gave one of the heirs her portion of the estate early, prior his death, with the understanding she would not receive anything else. She agreed to this verbally, but we will need to have her refuse any portion of the estate via POD or the will of her own accord as we did not make any official changes to either to reflect this in time before he passed. I am sure she will cooperate. But that was why I asked about making changes to POD now.
The beneficiaries are me, my sister, and my deceased brothers kids, each person or group getting one third. The truck and house are over $50K total value. What state website should I check on this for Ohio and what should I look for?
Things that are in his name, such as the car and house, will need to go through probate before title can be transferred. It is not a difficult thing to do, especially if you employ an attorney to probate the will.