A transfer on death deed (TODD) is a legal document that allows a person to transfer ownership of their property after they die. To close a bank account on behalf of someone who has passed away, you must have legal authority to manage the account.Small estate affidavits are a fast and affordable way to transfer property after someone has died, when the decedent died without a will. In general, you can't. The bank will not allow you to close it unless you have a letter of authorization from the probate court. Probate is the legal process to distribute a person's property after they die. You can ask the bank if your father specified a "Pay on Death" beneficiary for the bank account. The administration of an estate involves (1) gathering the assets of the person who died,. Gather necessary documents: The bank will want to make sure they are giving the right person the money. When a casualty occurs, the Component concerned will promptly notify the primary.