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If the Bank is notified that a Donor has passed away, will the Bank continue to take instructions from the Donee(s)?

The LPA is automatically terminated once the Donor passes away. The Bank will no longer take instructions from the Donee(s) as his/her/their status as Donee(s) would have ceased. Banks may require documents evidencing the death of the Donor.

 

The Donee(s) is/are responsible to cease performing transactions on behalf of the Donor and notify the Bank that his/her/their powers are revoked. 

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