Does the power of attorney continue after the death of the account holder?

A power of attorney is contingent upon the existence of the principal, and therefore cannot be relied upon after the account holder's death.

Key points

• Upon death, transactions involving the account funds revert to the estate, heirs, and legal procedures.

• If you were the agent, notify the bank of the death and refrain from withdrawing or transferring funds based on the old power of attorney, as this could create a legal dispute with the heirs.

Source

• Central Bank of Egypt — Know Your Rights