Learn everything there is to know when it comes to opening and withdrawing from an estate account in NYC. We go over when you can and cannot take out money.If submitting online, you must provide your Social Security number for verification. This program walks you stepbystep to complete the paperwork you need and gives you helpful definitions and legal information. Have you named a beneficiary on your bank accounts? A New York estate planning attorney explains the pros and cons of payable on death designations. The audit identified the need for BCPA to improve its processes for identifying and safeguarding decedent's assets and maintaining accurate estate records. Withdrawing money from a bank account after death is illegal, if you are not a joint owner of the bank account.