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If an executor finds that money was removed from the deceased bank account just prior to death by a relative can you request return of money and if so can you forgive any portion that is unretrievable?
Wiki User
∙ 18y ago
An executor has no legal authority before a person death, nor can such authority be retroactive. If someone held a POA, that person might be able to recover funds that were taken from the account depending upon the circumstances. If the funds were withdrawn without permission of the account holder and signature(s) were forged or a debit card used criminal charges could be forthcoming if a complaint is filed by the deceased's surviving family members.
Wiki User
∙ 18y ago
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Can an executor remove funds from a deceased bank to put to the will before closing the account?
yes that is the legal way of handdling the matter
If an uncle dies and had no spouse or children but had a large bank account can another uncle be made executor and take everything?
An executor of the estate does not have the right to "take everything". Rather, the executor has the responsibility to execute the will of the person who died. If the deceased had no will and no immediate relatives, it gets more complicated.
Can executors use the money from the deceased bank account for personal use?
No! The executor of a will is responsible to safe guard the assets of the estate. They are also entitled to compensation for their services. They must give a full accounting of the estate to the probate court before it can be closed out.
How does a nephew of a childless deceased access the bank account without a will?
They don't. He has no right to do so. However, what he needs to do is to open an estate. If there are no objections from other possible heirs, he can be appointed as executor. The executor (whether it is a volunteer or court appointed) will be given a letter of authorization that will allow them to access all of the resources of the estate. There are requirements for record keeping and notification of others, as well as reports that have to be filed with the court. And the executor can be paid for their efforts. Consult a probate attorney in your jurisdiction for further information.
What does a credit score of 9001 mean?
Account holder deceased
How do you close out deceased cousin bank account when there is a will?
The executor of the estate has a Letter of Authority that will allow them to close the account.
If an executor finds that money was removed from the deceased bank account after death by a relative can you request return of money to pay outstanding debts?
Unless it was a joint account, the executor can do so. If it was a joint account, or one with rights of survivorship, there may not be an option. Consult an attorney in your jurisdiction to find out the specific laws that apply in your state or country.
Can an executor remove funds from a deceased bank to put to the will before closing the account?
yes that is the legal way of handdling the matter
Can an administrator or the executor of an Estate sign on a Limited Liability Corporation if the deceased person was the only signer on the account?
Once they have their letter of authority, they should be able to access the account. Then they can change the account.
Can a deceased person earn dividends on a bank account?
The estate can earn dividends on a bank account. The executor is responsible for making sure this happens and it gets included in the estate.
Can a creditor take money from deceased bank account without written permission from executor?
It is possible for it to happen. They would have to have a court order to do so.
How do you make a claim to a NY bank for an account found in the name of a deceased person. There was an executor of the will.?
The account would have become part of the estate. The executor was issued "Letters Testamentary" when they were appointed by the court. Those letters authorize the executor to withdraw the funds and close the account. Contact the bank to find the department that will assist you in closing the account. It will require certified copies of the letters from the court. The proceeds from the bank account should de distributed according to the provisions in the will.
If an uncle dies and had no spouse or children but had a large bank account can another uncle be made executor and take everything?
An executor of the estate does not have the right to "take everything". Rather, the executor has the responsibility to execute the will of the person who died. If the deceased had no will and no immediate relatives, it gets more complicated.
How do you get utility company's to close a deceased person account?
The executor sends a letter to the utility. A copy of their letter of authority is normally enough to satisfy their authority.
How can you get the money from your deceased mothers checking account?
The executor of the estate can close and empty the bank account. Distribution will be in accordance with the will. Consult a probate attorney in your state. You have to wait until the will goes through probate.
Who can ask for bank statement of deseased?
The executor of an estate as appointed by the decedent's will and approved by the Probate Court can request bank statements of a deceased person. An individual who jointly owns the account with the deceased can also request bank statements.
How do you access an account when a person is deceased?
Only the legal heir of the deceased person can access his account. The legal heir must carry proof for his legal status as heir to the deceased person and also proof that the account holder is no more, in order to gain access to his account. If you cannot provide proofs for either of the above mentioned things, the bank does not have a legal obligation to provide access to the deceased individuals account.United StatesThe account can only be accessed by the court appointed estate representative, i.e., executor or administrator.
