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What else can I help you with?
Does the person named by the deceased as administrator of will have to file the will?
Yes, the person named by the deceased as administrator of the will is called the executor. The job of the executor is (out of the deceased's estate) to settle all the deceased outstanding debts and pay for the funeral. Then the executor adds up everything in the deceased's estate, pays any outstanding taxes and any inheritance taxes that may be due and presents the account of all this along with the will to a special court called a probate court. If the court is happy with what has been done the executor is then granted a probate document which allows him dispose of the remainder of the estate as the person's will instructs. Without the deed of probate, companies like banks and stockbrokers will not accept the executors instructions to do things with the deceased's property.The filing of the will is the act of presenting it (and the accounts) to the probate court.
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.
What is the duty of the executive?
The executive office is the office of the President. that should help.
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.
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?
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 If the funds were withdrawn without permission of the account holder and signature(s) were forged or a debit card used criminal charges could be forthcoming if a complaint is filed by the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.
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 endorse a check for a deceased person?
To endorse a check for a deceased person, you typically need to write "Estate of Deceased Person's Name" on the back of the check and sign your own name as the executor or administrator of the estate. This allows the funds to be deposited into the deceased person's estate account.
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.
