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Nairaland Forum / Nairaland / General / Family / How Do You Recover Money From A Dead Relative Bank Account? (38263 Views)
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Re: How Do You Recover Money From A Dead Relative Bank Account? by Tsmile25: 5:34pm On Jul 03, 2019 |
For more info on how to go about Letter of Administration contact Madebrief Solicitors via 08030737761. Thanks |
Re: How Do You Recover Money From A Dead Relative Bank Account? by rufdan(m): 5:34pm On Jul 03, 2019 |
Yes man iammiracle1: |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:35pm On Jul 03, 2019 |
Bros, If the wife is they, and dey are lagal married , take the wife and the son to court (high court) of that state. But before you go 1st get a death certificate from a govt hospital. The court will now give you what is called bank certificate to get the bal.of the money in the account. You will take back to court and the bank will issue you with what we call Letter Of Administration. With that you can assce the money . 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Alejobs: 5:37pm On Jul 03, 2019 |
Let's find our way back to love |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:37pm On Jul 03, 2019 |
You can do it without paying any body. Lawyer will charge you very well if you go to them. Am a banker . Thank you. 1 Like 1 Share |
Re: How Do You Recover Money From A Dead Relative Bank Account? by miketayo(m): 5:38pm On Jul 03, 2019 |
xynerise: Who is his next of kin |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:38pm On Jul 03, 2019 |
gafaardy: It's a big lie. We got millions and didn't involve any lawyer. They only wasted our time as the person pursuing the case was very busy. 3 Likes 2 Shares |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Mires: 5:38pm On Jul 03, 2019 |
xynerise: Bro, it is not a rocket science. First, I hope there's a dead certificate. If yes, approach a high Court with the above mentioned document and you will be guided accordingly on how to apply for letter of administration. A token will be paid as processing fee. The court after the application will publish it on state newspaper and a copy will be issued to you. After twenty one days of the publication, you will be given a document to take to the bank and declared the total money in the deceased account. Once that is done, you will have to pay 10% or 5% of the declared amount to the government depending on the State. From the date of payment, 42 days will begin to count. Once it elapsed, you will be issued the letter of administration and the bank will open an estate account in which you will be made the administrator. Mind you, it has nothing to do with whether you are next of kin or not. The essence of the publication is to give enough time for anyone who's not comfortable with your application to approach the court before the letter of administration is issued. 1 Like 1 Share |
Re: How Do You Recover Money From A Dead Relative Bank Account? by ibietela2(m): 5:38pm On Jul 03, 2019 |
xynerise: It's a difficult process o... You will bring death certificate Letter of administration from the court, The court will process and publish your matter for 2 weeks, etc... In all make sure you have at least 100k to run the court process and death certificate. Good luck |
Re: How Do You Recover Money From A Dead Relative Bank Account? by GTFO(f): 5:39pm On Jul 03, 2019 |
onyxo76: but how would you know the balance ? i mean will the banker(s)/bank manager(s) not tell a lie about the actual balance in the said account for their own selfish interest?? |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Ayemileto(m): 5:40pm On Jul 03, 2019 |
xynerise: From what I've read in newspapers before now, getting the money from Nigerian banks usually take years, because they will keep asking you to get one thing or the other. Stuffs like Death certificate, court avidaffit etc. If the money isn't much, i will simply advise you to other stuffs online with his debit card and resell them. This is quite possible if you have access to his card and phone - to receive OTP. Also, if you can unlock his system or phone, there is chances he would have saved his internet banking details in a browser or app, you can easily get his password and get into his internet banking account from there. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Alejobs: 5:40pm On Jul 03, 2019 |
We can make a difference with just a smile |
Re: How Do You Recover Money From A Dead Relative Bank Account? by ChiefSweetus: 5:40pm On Jul 03, 2019 |
Condolences on your brother's passing, sir. I remember your moniker from way back. God comfort the entire family. ![]() 2 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by GTFO(f): 5:40pm On Jul 03, 2019 |
ibietela2: kilode, how much is now even inside the account bayi ![]() 3 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by ibietela2(m): 5:40pm On Jul 03, 2019 |
sonibota: You don't need a lawyer 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by GTFO(f): 5:41pm On Jul 03, 2019 |
Ayemileto: hmnnn sense |
Re: How Do You Recover Money From A Dead Relative Bank Account? by jabolo(m): 5:41pm On Jul 03, 2019 |
onyxo76: This. The Letter of administration is the first step and a good lawyer will guide you through this. The procedure varies depending on the court jurisdiction but there may be requirements such as death certificate, death notice publications etc. It will be issued to his next of kin, presumably his wife, else somebody that has an affidavit to that effect. The Lawyer will make sure it is specific to the bank in question if you give him/her the account number. Probably also the balance. With this, approach the bank to open an Estate account with his wife as the administrator. (it is better you get details of the account officer from any branch and once you have this, it is easier to have direct communication with this person). She might have to visit only once to sign/verify documents. Note: some banks require references (other account holders to open such) and she must have her own BVN. The way the Estate account works is the main account will be closed and net proceeds transferred into this Estate account which the Wife csn now make withdrawals from etc. Any dividend mandates etc will alo point to this new account. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:42pm On Jul 03, 2019 |
AngelicBeing:No lawyer needed. An insider can help him more than a lawyer. This would have been easy had the guy made the wife next of kin. Just present marriage and birth certificates. Shikena. But if the guy go and eventually get the money without the consent of the wife, the wife if she knows her right will sue the bank and they will end up paying a lot. 2 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by jabolo(m): 5:42pm On Jul 03, 2019 |
GTFO: If the court is asking in the process of applying for the Letter of administration, they can't do that. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by konny1(m): 5:43pm On Jul 03, 2019 |
nlanded: Nice info |
Re: How Do You Recover Money From A Dead Relative Bank Account? by ibietela2(m): 5:44pm On Jul 03, 2019 |
GTFO: I spent 62k+ for court processes, getting Letter of administration and death certificate at the end i still didn't get the money. This was 2015/2016 o ![]() |
Re: How Do You Recover Money From A Dead Relative Bank Account? by akingbatope: 5:44pm On Jul 03, 2019 |
vincent10:letter of administration |
Re: How Do You Recover Money From A Dead Relative Bank Account? by IneedSugarMumy1(m): 5:44pm On Jul 03, 2019 |
His wife should know he's ATM pin 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:44pm On Jul 03, 2019 |
ChiefSweetus: I only commented cos I remembered his moniker and he is cool headed. He is doing the right thing. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by AngelicBeing: 5:46pm On Jul 03, 2019 |
sassysure:Ok |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Insightz(m): 5:46pm On Jul 03, 2019 |
You need to determine the following: 1. Who is his next of kin. Presumably, his wife or any of his children 2. His bank where the money is lodged. 3. Determine the amount in the bank. Each bank has different policies on this. Some banks require a letter of administration if the money is more than 50k, or 250k. While other banks, require a affidavit of next of kin What you should do 1. Next of kin must swear an affidavit of next of kin at High Court 2. Aproach a lawyer. Some lawyers can give you the affidavit 3. You need two administrators. The next of kin and one other family member. Then a third person will sign the letter of renunciation. 4. The two administrators must open a joint account, preferably in the bank where the money is lodged 5. You need two sureties to sign the surety Bond. Could be anyone 6. All adminstors and sureties must submit a passport photo What the lawyer would do 1.The lawyer will write the bank through the court demanding the bank balance 2. The lawyer will submit all documents listed above signed and dated 3. The court will treat the file and if all is well, will ask the baknk to pay to the court 4. The court will take a percentage and remit the rest to the joint account 5. You pay the lawyer his percentage as well Was the person a civil servant? Then the procedure is slightly different, but almost all documentation is similar. Good luck BTW: make sure if the anount is substantial to talk to the lawyer about how to reduce the surcharges 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by onyxo76(m): 5:47pm On Jul 03, 2019 |
GTFO:your lawyer will get a court order to that effect |
Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 5:47pm On Jul 03, 2019 |
starbuck: Exactly...I was shocked his wife doesn't know his pin 2 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:47pm On Jul 03, 2019 |
AngelicBeing: That's naija for you o. It works like magic ![]() I use that a lot ![]() 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by richard870(m): 5:47pm On Jul 03, 2019 |
xynerise:Are you his next of kin? |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:48pm On Jul 03, 2019 |
starbuck:Your mum is a smarty� and you're the smartest� not forgotten the pin as she give up to ghost. But, your igbo strong oo ![]() 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by reubenobi(m): 5:48pm On Jul 03, 2019 |
starbuck:Sorry about your lost. 1 Like |
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