This form is a sample letter in Word format covering the subject matter of the title of the form.
Next Of Kin Letter To Bank With Bank In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-0034LTR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
If a person has named beneficiaries for their financial accounts or life insurance policies, those designations will generally override any claim made by next of kin.
When a person passes away, their assets are distributed in ance with either their estate plan or California's intestate succession laws. However, certain assets, including most bank accounts, can pass directly to beneficiaries, without the need for probate or the court's intervention.
Regardless of what your will says, whoever is named as the designated beneficiary on each account will receive that asset.