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Nairaland Forum / Nairaland / General / Family / How Do You Recover Money From A Dead Relative Bank Account? (39133 Views)
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Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 5:49pm On Jul 03, 2019 |
nlanded: Thanks...noted |
Re: How Do You Recover Money From A Dead Relative Bank Account? by clive2u(m): 5:50pm On Jul 03, 2019 |
BlacSmit:you have a foul mouth. U have already concluded that op is taking the money, i think wat nigerians knw wat to do best is judge at 1st instinct |
Re: How Do You Recover Money From A Dead Relative Bank Account? by AngelicBeing: 5:50pm On Jul 03, 2019 |
sassysure:l understand |
Re: How Do You Recover Money From A Dead Relative Bank Account? by pat077: 5:50pm On Jul 03, 2019 |
HisSmileHeal:he should excalate the issue on twitter tagging the bank 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by yesloaded: 5:52pm On Jul 03, 2019 |
nlanded:Better still go to state Ministry of Justice to get letter of administration & full guidance on how to go about it 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by sismatic01: 5:52pm On Jul 03, 2019 |
The original death certificate is the most important document you will need to kick start the process. If it's in your possession take it to the probate office of a state a high court to get a letter of administration (LOA). After the court grants your application, the court will write all the banks the deceased had accounts to confirm the current balances in those accounts. Then the bank will be instructed to pay the available balance to the beneficiary. You will also need to open an estate account for the fund to paid into and all beneficiaries in the LoA will be a signatory to this account. The letter of administration can also include other properties of the deceased e.g shares, properties etc appointing you or/and the wife as the beneficiary of these assets. I will advise that you process the letter in the name of the wife and the children as it will be easier if they are legally married and there's evidence (marriage cert.) to back it up. It might take some time though but you will eventually get it. Good luck! 2 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 5:53pm On Jul 03, 2019 |
mickey05: Must you commercialize every assistance... Why can't you guide him free of charge? |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Cas1741: 5:53pm On Jul 03, 2019 |
I suggest you approach the bank first, if that fails, you need to obtain a certificate of Appointment of Estate Trustee with a Will, assuming there is a Will. If there is no Will, you still to go to the Court, file the necessary Probate Forms and obtain a Certificate of Appointment of Estate Trustee Without a Will. With that, you go back to the bank and you should have access to the account without further hassles. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by idokokadiri200: 5:53pm On Jul 03, 2019 |
Contact a lawyer hv suffer like u... If u are serious contact this lawyer on 08132162067....thank me letter. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by xynerise: 5:55pm On Jul 03, 2019 |
ChiefSweetus:Thank you, sir |
Re: How Do You Recover Money From A Dead Relative Bank Account? by dannypaul(m): 5:55pm On Jul 03, 2019 |
nlanded: Yeah bro, also next of kin is even used for a negative cause I.e whereby d account holder commits a fraud or any crime whatsoever and he becomes incommunicado then the next of kin bears the consequences.. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by actualization: 5:55pm On Jul 03, 2019 |
Go to meristem registrants..... Lagos ....they ve Probate section.....or call 08023410243....for further tips |
Re: How Do You Recover Money From A Dead Relative Bank Account? by mfm04622: 5:56pm On Jul 03, 2019 |
nlanded: The next of kin is not a formality! Just that letter of administration and will have stronger claim than just the next of kin! |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Synthase(m): 5:59pm On Jul 03, 2019 |
nlanded: I want to believe that the letter of administration is only applicable of the person died intestate |
Re: How Do You Recover Money From A Dead Relative Bank Account? by perryy(m): 5:59pm On Jul 03, 2019 |
As someone who had worked in a Banks department where such a case as yours usually passed through, let me tell you what to do. Of your brother died intestate, the family would appoint an administrator who would obtain letter of administration from the the justice department of the state of last residence of your brother (find out if getting this from your state of residence is acceptable). Then the ministry of justice of that the state issuing the letter of administration would make a demand for the statement of account from the time of death till date and for the issuance of a cheque with the value of the balance in the account in the name of justice department of the state . When this demand notice accompany with the letter of administration is presented at any branch of the bank , the branch in turns forward same to thea legal department of the bank which will do the confirmation from the justice department before asking the branch to issue a cheque. Simple. I've handled many in the bank I worked then . However, there may some changes to the rule now oooo 2 Likes |
Re: How Do You Recover Money From A Dead Relative Bank Account? by perryy(m): 6:00pm On Jul 03, 2019 |
Synthase: Yes , you are right. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Nobody: 6:00pm On Jul 03, 2019 |
Ayemileto: Ogbologbo! |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Onyi22(f): 6:03pm On Jul 03, 2019 |
GMbuharii:But y can't Nigerians be serious for once GMbuharii:But y can't Nigerians be serious for once 2 Likes 2 Shares |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Biglogo(m): 6:05pm On Jul 03, 2019 |
Don't Jamba Ahmana |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Psoul(m): 6:06pm On Jul 03, 2019 |
First of all, try to know how much that is in that account if not you will labour in vain. The money will just go to Administrative court fees and Bank commission for closing the account. The document you need from the Administrative court must be given by the court within the jurisdiction where the account domiciles. The process will take some money. You also need death certificate and the consent of the Next of Kin of the dead person. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Organs(m): 6:07pm On Jul 03, 2019 |
sparog: Must you comment if you dont know? Now you allowed me waste my time to reply read and your comment, don't try that nonsense with me next time else i go come your house come COZA and DAKOLO you join! |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Odekayodenr(m): 6:07pm On Jul 03, 2019 |
Bro I have been in your shoes before and simply follow the step I followed 1,if your brother ATM is still valid it could av been the best just carry the ATM go withdraw all the money but if the ATM Is not working then.. 2.You have to get the next of kin and you will involve legal action because..you have to change the the account to Estate account inoder for you people to access the money.. But remember it will cost you some money and time.. Infact it takes about 12weeks or money it depend on the lawyer chamber you used.. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by saajus: 6:07pm On Jul 03, 2019 |
Next of Kin can get the money out. Talk to the bank. Also, did your brother write a Will?Finally, if you are successful to get the money out, don't collect a dime from that poor woman. You know she needs to raise the kids alone. I don't know why some men are too secretive. You need to able to trust your partner with everything. If the wife knows his ATM pin, you guys won't need to be going through this stress. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Aminushehu996: 6:09pm On Jul 03, 2019 |
If you have his ATM card and know his account number,I no a way u can get the money 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by don4real18(m): 6:09pm On Jul 03, 2019 |
sonibota:He doesn't need a lawyer 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Ayotemide(f): 6:10pm On Jul 03, 2019 |
She doesn't know his pins? that has me worried. 1 Like |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Yankee101: 6:11pm On Jul 03, 2019 |
All banks are one stop shops (mostly , meaning you can do all types of ttansactions in any branch, in this case the customer service has to scan instructions to the appropriate branch/officers) 1. Step one, obtain his will 2. If none approach a court Probate registrar to grant the designated natural next of kin (your father if no wife and kids, or his kids/wife if he has same) a probate 3. Take probate document to bank and apply for his estate (bank account in this case) 4. When approved by bank they'll likely release the cash in cheque to probate registrar who will deduct court fees and assign the rest to the next of kin (the court usually delays or investigate a little to make sure no other righful next of kin exists or share equally among family members) 5. You might be given the option by the bank to continue running the account as an esate of the deceased run by the next of kin (take this option if you're expecting future benefits to be paid into the same account) If your dad wants to designate you instead of himself, go together to the court, produce identifying and familial documents for you, your father and the deceased to help speed up the process. 1 Like 1 Share |
Re: How Do You Recover Money From A Dead Relative Bank Account? by crackhouse(m): 6:12pm On Jul 03, 2019 |
xynerise:if I hear. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by Wiseonetemmy(m): 6:12pm On Jul 03, 2019 |
[font=Lucida Sans Unicode][/font][quote author=nlanded post=79910790]First go to a probate registry in any high court, request for a letter of inquiry to mandate the bank to give the deceased account balance. This can be given to one or more family members of the deceased on presentation of relevant documents. After getting the account balance, the probate registry would issue you a letter of administration. You bring that letter to the bank and proceed to open an estate account linked to the deceased, you or any other family member would be signatories of the account. All you need to open such an account is 5k for a probate registry search. The funds from the deceased account would be transferred to the estate account and you/family can do whatever you want with the funds. The bank where I work you can get all the funds within 2 weeks at most. PS: Funny how people are talking about next of kin and all, it doesnt matter here when it comes to this, the bank doesnt give a damn who you wrote on your account details as your next of kin, all they respect is the letter of administration brought from a probate registry by any family member. Next of kin on paper is just for formalities.[This is the accurate procedure, just follow this and you will get results. Or better still visit meristem plc. They are experts in probate matters ] |
Re: How Do You Recover Money From A Dead Relative Bank Account? by alphaNomega: 6:12pm On Jul 03, 2019 |
nlanded: Well done. Thanks for your submission. |
Re: How Do You Recover Money From A Dead Relative Bank Account? by ojochidem(m): 6:12pm On Jul 03, 2019 |
nlanded: This is scary. Why do Banks then demand next of kin? |
Re: How Do You Recover Money From A Dead Relative Bank Account? by crackhouse(m): 6:13pm On Jul 03, 2019 |
Aminushehu996:yahoo boy spotted. 1 Like |
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