I have a properly notarized Power of Attorney letter for a single relative in Kentucky.
Does that relative also need a Last Will and Testament, or does my PoA cover whatever may need to be done when they eventually pass away?
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Sign up to join this communityThere are two relevant laws of Kentucky. KRS Chapter 457 is about power of attorney, and KRS 457.100 specifies how the POA terminates, in particular (1)(a) says that it terminates when the principal dies (therefore on death of the relative, you have no power).
KRS Chapter 391 governs intestate succession i.e. what happens if you don't have a will. The disposition of the estate depends on what living relatives there are.
If the person is unmarried, the estate goes to the children or descendants. If there are no children, it goes to the parents; otherwise to siblings.
If there are no living relatives whatsoever, then the estate goes to the state in escheat.
A will is therefore necessary if the person wants something other than intestate default. Also, inheritance via intestacy is procedurally inconvenient compared to a simple will saying who gets what.
To be clear, the death of either of you.
In general, so does your relative becoming legally incompetent (e.g. severe illness, dementia, vegetative state etc.) unless it is an enduring power of attorney.
So yes, they need a will.