An individual has recently passed away, and has money remaining in his or her bank account. Can anyone just walk over to that bank or an ATM and take the money out? The answer is no. Once an individual has died, there are steps which need to be taken in order to be able to access the bank account and do anything with it. Darren Findling explains how to access a decedent’s bank account.
As mentioned, there are a variety of ways in which authorization to a decedent’s bank account can be granted. A full probate administration is one of those ways. A full probate administration allows effective management of a decedent’s individual assets. This can include vehicles, furniture or in this case, access to the bank account. Sometimes though, a full probate administration is not needed. A small probate estate affidavit could instead be what’s needed.
Of course, this depends on the size and amount of money that’s in the bank account. It also depends on how many days have passed since the individual has died, as well as the individual who is receiving the money. It could be a family member or it could be a non-family member such as a close friend. There are a variety of ways on how to access a decedent’s bank account, but you cannot just go into the bank or visit an ATM to pull money out of an account with no authorization.
If you have questions on how to access a decedent’s bank account, give The Probate Pro a call. Our attorneys and legal support staff are here to support you with all probate related legal services. We will work with you the entire way through the probate process. Call us today at (877) YOUR-FIRM, and we’ll work with you to get that money out of the account.