This form is a sample letter in Word format covering the subject matter of the title of the form.
Letter To Close Account After Death With Bank Account In Massachusetts
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Multi-State
Control #:
US-0034LTR
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Word;
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FAQ
If there's a will without a named executor, the court will issue a Letter of Testamentary; if there's no will, the court will issue a Letter of Administration. Present either of these letters to the bank along with the death certificate to close the account.
Respected Sir/Madam, I am writing to you with a heavy heart to inform you of the demise of my husband, Mr. Rajeev Singh, who had a savings account in your esteemed bank. It is a difficult time for our family, and I need to settle his financial affairs.
I, Your Name, hold a Savings Account in your bank. Due to some personal circumstances, I am unable to maintain the account and would like to close it. Please find the account passbook enclosed with this letter. I request you to initiate the account closure process at the earliest.
Your valid ID, such as a state-issued driver's license or ID card, U.S. passport, or military ID. Proof of death, such as certified copies of the death certificate. Documentation about the account and its owner, including the deceased's full legal name, Social Security number, and the bank account number.
More info
To close a bank account on behalf of someone who has passed away, you must have legal authority to manage the account. Most banks will have their own individual procedure for closing a bank account after the title holder of the account passes away.An Affidavit of Death is used to close accounts, receive benefits, or take ownership of property, real estate, or securities. After someone dies, notify the government programs and businesses they used. Cancel benefits payments and close or transfer accounts. In most instances, close these accounts and consolidate them into the estate's bank account. Consider whether ancillary administration is necessary. The bank may require a certified death certificate in order to close the account and distribute the funds. For example, most financial institutions will require you to present a Letter of Administration before granting access to a deceased person's bank account. For example, let's say 20 years after the deceased's death, the personal representative discovers a previously unknown bank account.