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Nairaland Forum / Nairaland / General / Family / How Do You Recover Money From A Dead Relative Bank Account? (37855 Views)
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Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 10:21pm On Jul 03, 2019 |
starbuck:hmm, that's payday, |
Re: How Do You Recover Money From A Dead Relative Bank Account? by sparog(m): 10:30pm On Jul 03, 2019 |
Organs: |
Re: How Do You Recover Money From A Dead Relative Bank Account? by vital94(m): 10:32pm On Jul 03, 2019 |
Go to court and obtain letter of administration |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 10:48pm On Jul 03, 2019 |
nlanded: while most of what you say is right. I dont know any court that will issue a letter of administration in 2 weeks. Part of the process of issuing a letter of administration is a publication in the notice section of a national newspaper. The purpose of this is to inform the public that someone has applied as administrator of Lagbaja's estate. it is a legal requirement incase there are legitimate beneficiaries etc giving them notice to come forward. I beleive it is only if there is no contest in a certain period that the letter is issued. I dont know how this can happen in 2 weeks. Every state is different but I know it took almost 3 months just to make an amendment (additional assets) to an existing letter of administration. You are absolutely correct on others especially the next of kin. All this nonsense people are writing about next of kin is absolute nonsense. Next of kin has no legal status and no right to the bank account, even if she is the wife...until she produces a LA. Any banker who tells you otherwise is trying to swerve you because as a banker they know it is not possible. I dont think you need to know the bank balance to get a letter of administration, so long as you know which bank and branch the account is held. It might help you to know only because if it isnt much, then it may not be worth your effort and if you do dont declare the full sum because you will pay the govt a percentage of it. I may be wrong but in our case we only declared for one branch and used the same LA to access the accounts in 2 other branches (same bank). 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by King44(m): 10:52pm On Jul 03, 2019 |
nlanded:helpful |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 10:56pm On Jul 03, 2019 |
BlueAir:u don't mean it, that's wickedness,at least she is ur mother, u have a say on her property. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by sylve11: 10:59pm On Jul 03, 2019 |
Beremx: sometimes, it is better you just keep quiet. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by BlueAir: 11:06pm On Jul 03, 2019 |
dancok:I understand but with the eternal grief. I have no use or interest for those things. ..I give it to them |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 11:09pm On Jul 03, 2019 |
My final advice (if you are genuine and the wife as you say is really not savy and it's not that you are trying to commandeer your late brother's estate) is to make sure the wife is also an administrator in the letter of administration, she can then grant you power of attorney to act on her behalf. That way there is a paper trail that she is party to everything, even though you are the one doing the work. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by nathpope(m): 11:35pm On Jul 03, 2019 |
nlanded: Gbayi |
Re: How Do You Recover Money From A Dead Relative Bank Account? by OfficialSam(m): 12:08am On Jul 04, 2019 |
starbuck: Do not mislead people please. No bank or staff can temper with a deceased funds. At least, that's what banks statements are meant for. It will certainly indicate date, time and branch of any transaction. OP do not try anything silly if you don't have your late brother's ATM card and his pin. You may end up being prosecuted for financial fraud. Go to a court within the jurisdiction your brother passed on. Proceed to their probate and apply for a LETTER OF ADMINISTRATION. They will give you a letter to the bank so you can access the balance. Finally, you and his wife can apply to become the administrators of his estate. When the legal paper is ready, the court shall take five to ten percent of brother's account balance. Be guided and let no novice mislead you, else you will get your fingers burnt while trying to play smart. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Respect55(m): 12:18am On Jul 04, 2019 |
Activate offline mobile banking transfer Use the last 6 digits of his atm and the line he used for alerts. Second option, use the atm to fund a bet9ja account and input the 6 digits otp pin that will be sent to his alert line. Deb withdraw the money afterwards. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by OfficialSam(m): 12:31am On Jul 04, 2019 |
rufdan: Well scripted. Your head get oil You never still tell am say him fit wait for more than one year, the letter never ready sef. Op you better keep extra cash for lobbying o. Probate staff are so corrupt. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by davillian(m): 1:09am On Jul 04, 2019 |
xynerise:Oga Ade, She should go get a letter of administration If the husband did not write a will. It's a long process but that's the only way |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Stan232: 1:41am On Jul 04, 2019 |
Chinese aza are available. Rate at 25%.whatsapp me on08168152166 |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Funjosh(m): 4:03am On Jul 04, 2019 |
Hmmmmmmm.. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by cococandy(f): 4:04am On Jul 04, 2019 |
Sorry for your loss @xynerise 3 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Unrated900(m): 6:28am On Jul 04, 2019 |
Now you want to take over his money now What was your impact in his life when he was alive Now he is dead you want to start pursuing that money,you won’t get the money. Family is the worst enemy in life They can do anything to bring you down and enjoy your wealth Say no to polygamous home #my kids and wife are my next of Kin# |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Unrated900(m): 6:30am On Jul 04, 2019 |
[quote author=xynerise post=79909608]Please guy, before I start chasing shadows trying to recover the money in my late brother's bank account, I would like to know the steps to take. Until his death, he lived in the northern part of Nigeria where the bank is also located. 1. Do I have to travel to his bank location to make necessary procedures or I can do that elsewhere where the bank has a branch? 2. What are the procedures? Thank you for your assistance Now you want to take over his money now What was your impact in his life when he was alive Now he is dead you want to start pursuing that money,you won’t get the money. Family is the worst enemy in life They can do anything to bring you down and enjoy your wealth Say no to polygamous home #my kids and wife are my next of Kin# |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Holamic: 6:51am On Jul 04, 2019 |
nlanded:Thanks.... Very educative |
Re: How Do You Recover Money From A Dead Relative Bank Account? by sneak3(m): 7:35am On Jul 04, 2019 |
xynerise: The family should do letter of administration, it's clearly state who the next of kin is and submit same to any of the bank's branch nearest to you. Usually the balance in the deceased account will be transferred to the next of kin if he already has an account or will be made to open an account.. note that the transfer to next of kin account will only be made after the bank has done independent verification of the letter of administration from Court and acknowledged by the bank's legal department. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 8:08am On Jul 04, 2019 |
Unrated900: Stop smoking weed |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Johnseli(m): 8:21am On Jul 04, 2019 |
nlanded: What if one does not know the account details of the deceased? What are the likely procedures to be taken? |
Re: How Do You Recover Money From A Dead Relative Bank Account? by salt1: 8:30am On Jul 04, 2019 |
roman1755: Nigerians are sharp 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by yemolee2001(m): 9:44am On Jul 04, 2019 |
I am looking for how to withdraw my father's money from his account too after his death. Although we know his password but unfortunately his ATM expired few days to his death. The money is not up to 500k and he did not legally married to his wives but I am his next of kin. The bank is first bank. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Aminushehu996: 9:57am On Jul 04, 2019 |
crackhouse:Just because I decided to help,I'm a Yahoo boy crackhouse:Just because I decided to help,I'm a Yahoo boy |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Mummymahdi(f): 9:59am On Jul 04, 2019 |
xynerise: In this case u need to help her, my sisters husband that is a Dr. Died leaving her with 4kids no body know any of his laptop pin or credit cards, he only has sisters. Even to access his phone no body eras able to , he was trading bitcoin, he once told her it could run inyi millions when sold but no one could access it. Now come see suffering, we charge ourselves some amount to pay the kids school fees while she work hard and feed from her salary 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by stevestifler(m): 12:30pm On Jul 04, 2019 |
when i did mine, it took a whole year.. probate can really be annoying and full of delay. then you have to be the person stated in the will before it will be released to you, and you also have to forfeit 10 percent of it to the government. nlanded: |
Re: How Do You Recover Money From A Dead Relative Bank Account? by stevestifler(m): 12:32pm On Jul 04, 2019 |
God bless you for saying the truth... isthatso: |
Re: How Do You Recover Money From A Dead Relative Bank Account? by TrendyNwendy: 5:44pm On Jul 04, 2019 |
starbuck:Seconded!. You can even slot his SIM card in a phone, use the banks ussd codes to check the balance and make transfers 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by rhemadhee(m): 6:23pm On Jul 04, 2019 |
This might help, I experienced that when my mum passed on. If the deceased has a will, the executor(s) on the will (someone whose name is on the will) can approach the bank for the money. They will pay them. If there is no will, the deceased died intestate(without will. Letter of administration is very important (LOA). Go to the high court or use a lawyer, lawyer will charge you more based on the balance in the accounts. But if you go yourself, You will spend money but lesser. It takes six month to process LOA. Good luck |
Re: How Do You Recover Money From A Dead Relative Bank Account? by tinaisnowonline: 10:35am On Jul 05, 2019 |
Who is the next of kin on the account? if it is the wife then you need to take her to a lawyer to get a probate letter. go to the bank and find out the amount in the account and who is the next of kin. you will present a death notification to the bank as well. the lawyer will charge you a fee. do it the right way |
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