What to do with a bank account when someone dies?

Who can access and close the deceased's bank account? The executor named in the will can do this, or if no executor has been nominated, the administrator (main beneficiary). They'll contact the bank in question with proof of death to begin the process. The Death Certificate is typically accepted as proof.

US Legal Forms
Sample and Form Letters
Sample Letter to Bank concerning Accounts of Decedent

Decedent Account Bank With Or In Washington

Category:

Letters - Legal - Estates

State:

Multi-State

Control #:

US-0034LTR

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Instant download

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This form is a sample letter in Word format covering the subject matter of the title of the form.

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Something that often catches a newly appointed personal representative off guard is the requirement to open and manage an estate banking account. Typically, the account is a basic checking account and is often named “Estate of Deceased's Name, Executor's Name, Executor”.

(3) Funds belonging to a deceased depositor which remain on deposit in a joint account with right of survivorship belong to the surviving depositors unless there is clear and convincing evidence of a contrary intent at the time the account was created.

Contact the bank in advance to ensure you arrive with the appropriate documents, but you'll likely need to bring a notarized or certified copy of the death certificate and proof of your identity, such as a driver's license or passport. You'll also need the decedent's legal name and Social Security number.

If you're the executor for your recently deceased spouse, you may think you don't need an estate account, especially if you have joint accounts. But it may still be a good idea, since it makes it easier to keep the estate's funds and your own funds separate.

Any bank can handle an estate account. It isn't exactly rocket science, the main difference being the signer on the account was court-approved. Pick your favorite bank and go there.

Who can access and close the deceased's bank account? The executor named in the will can do this, or if no executor has been nominated, the administrator (main beneficiary). They'll contact the bank in question with proof of death to begin the process. The Death Certificate is typically accepted as proof.

Did you know that if you die without a will, a revocable trust, or some other means to pass your assets upon death, they will be distributed to your relatives under the Washington State laws of intestacy? Under those laws, if you are married your spouse gets all of the community property.

Typically, it's best to open an estate account with the same financial institution the decedent used in the same state where they resided. Since the decedent was already a member of that bank, it can make for a more seamless transition and provide easier access to all their accounts and estate funds.

More info

Funds belonging to a deceased depositor which remain on deposit in a joint account without right of survivorship belong to the depositor's estate. We're ready to help.This guide explains the account settlement process after the death of a member. If you were not named to serve as Decedent's Personal Representative, complete the Header of an Oath of Personal Representative (Without Will) form. The beneficiary should go to the bank with a certified copy of the death certificate to get a check issued and close the account. Download and complete a Probate Notice to Creditors form. In what state should I open an estate account? It's best to open an estate account with the decedent's bank in the state where they lived. Discover when a surviving spouse in Washington needs to initiate probate. Understand the probate process and community property issues.

Decedent Account Bank With Or In Washington

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