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After the death of the father, one is supposed to obtain a Legal Heir Certificate/Family Member certificate from the concerned authorities and the same needs to be submitted to the Bank along with the Death Certificate issued by the concerned authorities. One should also complete the documentation formalities as prescribed and available with the Banker. A notarized and stamped affidavit should also be submitted to the Bank clearly specifying the details of the Legal Heirs/Family Members of the diseased person. The Banker after making necessary inquiry, will take steps to release the Cash in the father's account.
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∙ 12y ago
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Can you get in trouble for taking from your fathers bank account?
It Depends: a. You will not be in trouble if - 1. you are a joint holder of your fathers bank account or 2. Your dad knows that you are going to do it and he doesn't mind b. You will be in trouble if - 1. You are not a joint holder of your fathers bank account and 2. He does not know you are taking money from his account. 3. And - he finds out that you did it
How do you close out deceased fathers bank account when there is no will?
Usually you will need a notarized copy of a death certificate and proof of next of kin.
Can the bank repossess your fathers car after his death?
You need to ask an attorney. In general, for a secured loan (title of the car is the security) if the loan is not paid, the leinholder (the bank) takes back the property they have not been paid for.
When can you close your fathers estate account and keep the money as an heir?
when can you close my fathers estate account and keep the money.
How do you write a letter being a nominee to get the money of a death person from the bank?
To get money from a person's account who has passed away you will need to provide personal information to the bank in a letter. You should state your relationship and provide any papers that show you are entitled to the money.
How do you make a debt on doodle god?
Bank + Money = Debt Money+ House = Bank Gold + Paper= Money
What is a money bank?
a bank which holds money
What is bank money?
a bank which holds money
Is a daughter still at college responsible for her fathers debts after his death even though he left no money?
The estate is responsible for the debts of the decedent. If there is no estate the creditors are out of luck.
Do you pay tax on money received from a bank account if your are the designated pay on death recipient?
It is possible that you could have some taxable income in the amount that you receive from the bank account.
How do you get the money from Bank Draft?
how do you the money from the bank draft?
Can the lender sell the home after your fathers death?
yes
