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You said that you had a probate court certificate. I am not sure what that is, but you may need a court order appointing you as administrator or executor (whichever term is used in your state). That certificate may be the equivalent in your state and all you should need in most states. Some insurers and other holders of assets with beneficiaries, like IRA holders, just need a death cert for a beneficiary to be paid. Some may accept copies, others may want certified copies. The funeral home should get as many as you want, for a small price.
You also said that you had a new POA. From who? As someone pointed out, the prior POA died with the deedent. A court order naming you administrator gives you full authority to deal with all of the descendant's assets and liabilities.
No one needs to see the will but the court, or any other documents.
It sounds to me that there some communication issue between you and the bank. All I can suggest is make you sure you understand exactly what the bank needs. If they keep stalling, take everything and meet with a manager who can make a decision and be prepared to give them what they want. I have closed a few estates for unrelated people, including one of state done entirely by phone, email and fax.
why cant you just withdraw all the money from the bank account,would it be closed after x period of time?
Simply taking all the money out and not officially closing the account can subject you to monthly minimum balance fees ..
Citibank does that .
If you open an account with these big promo dollars given which we take advantage of every six months then if your balance falls below a certain amount there are monthly charges if you simply just pulled the money out .
You need to actually have them close the account to avoid that situation when the promo is up .
Other banks want to try to sell you on other products or services when you close an account .
One bank had us see an annuity salesman as part of the closing process.
The deal pitched sounded so good unless you are savvy enough to know how to look under the hood .
I mean what could be better then a guaranteed 10% return or what the market does …
If anyone wants to know why that wasn’t a good deal I will go into the details of this annuity
You said that you had a probate court certificate. I am not sure what that is, but you may need a court order appointing you as administrator or executor (whichever term is used in your state). That certificate may be the equivalent in your state and all you should need in most states. Some insurers and other holders of assets with beneficiaries, like IRA holders, just need a death cert for a beneficiary to be paid. Some may accept copies, others may want certified copies. The funeral home should get as many as you want, for a small price.
You also said that you had a new POA. From who? As someone pointed out, the prior POA died with the deedent. A court order naming you administrator gives you full authority to deal with all of the descendant's assets and liabilities.
No one needs to see the will but the court, or any other documents.
It sounds to me that there some communication issue between you and the bank. All I can suggest is make you sure you understand exactly what the bank needs. If they keep stalling, take everything and meet with a manager who can make a decision and be prepared to give them what they want. I have closed a few estates for unrelated people, including one of state done entirely by phone, email and fax.
We have a court order. We have all documentation. The documentation is very, very broad, giving me all rights to represent the estate. We had the best trusts and estates lawyer draft it all.
The bank simply keeps changing its story. One banker will write down a list of what is needed; another banker will say something else. Unless I want to bring my lawyer and whole filing cabinet with me to the bank, I’ll show up, with what the bank confirmed in writing was needed, and the next banker will want something else.
I’ll try a manager and handle this by email- I appreciate your post.
POAs always end upon the death of the person granting the POA. So a POA is useless.
In Texas you need an official death certificate and a letter of administration from the court/judge appointing you as the executrix or whatever your state calls it of the estate.
Meet with the bank manager. He or she should be there just about every day from 8 till 5, but make an appointment.
The manager may need to send copies of the documentation to the legal department and wait for an answer back from them.
I'm sorry, I believe in Texas the letter is called a Letter of Testamentary or Letters Testamentary, which appoints you as the executrix or executor.
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