My question involves estate proceedings in the state of: Georgia
When a child dies and a college fund was created for them by the biological mother's grandparents before they (being the grandparents) passed, how does that work? Sadly, the child shortly passed after birth. The child's parents were never married, but they are both on the child's birth certificate. However, the college savings account was established in the child's name and the other person listed on the account was the grandmother. According to how it looks like it's written if I'm interpretting it correctly is: should something happen to either party listed on the account, the power of attorney for either party will be responsible for handling and accessing the account. The biological mother's mother is the grandmother's power of attorney, but who is the child's power of attorney if a will was never established for the child prior to death and the parents are not wed?
When a child dies and a college fund was created for them by the biological mother's grandparents before they (being the grandparents) passed, how does that work? Sadly, the child shortly passed after birth. The child's parents were never married, but they are both on the child's birth certificate. However, the college savings account was established in the child's name and the other person listed on the account was the grandmother. According to how it looks like it's written if I'm interpretting it correctly is: should something happen to either party listed on the account, the power of attorney for either party will be responsible for handling and accessing the account. The biological mother's mother is the grandmother's power of attorney, but who is the child's power of attorney if a will was never established for the child prior to death and the parents are not wed?
Heirs and Beneficiaries: Distribution of a Deceased Child's Estate
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