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No the moneys given to the person written in the will or closest family member an only if they choose to

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14y ago

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How can i establish a estate bank account if the deceased has no open bank account?

To establish an estate bank account when the deceased has no open bank account, you'll first need to obtain a death certificate and the necessary legal documents, such as the will or letters of administration. Then, visit a bank that offers estate accounts and provide them with the required documentation, including proof of your authority to manage the estate, like being named executor or administrator. The bank will typically require a tax identification number for the estate, which you can obtain from the IRS. Once set up, this account can be used to manage the deceased's assets and pay any debts or expenses.


Can a bank overdraw your account to pay their own charges?

It Depends: Yes - If you have a valid overdraft account with the bank and you currently do not have enough balance in your account to pay for bank charges No - If you do not have a valid overdraft account with the bank.


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If I'm a signer on my mom's bank account can a bank take her money to pay my past due credit card balance?


Do you have to pay for a bank account?

Yes, some bank accounts may have fees or minimum balance requirements that customers need to pay in order to maintain the account.


If someone owes you money and you have their bank account information can you pay a bill using their bank account?

No, you cannot. It is illegal.


What is a business form ordering a bank to pay cash from a bank account?

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Do you pay tax on money received from a bank account if your are the designated pay on death recipient?

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How much does it cost to process a check?

If you have an account with a bank and process your check at that bank, it will not cost anything. If you go to a bank where you do not have an account, you will pay, on average, $6.00.