How Do You Close A Decedents Bank Account?
Tying up financial loose ends after someone passes away is not a pleasant process, but it is vital to deal with these things head-on to avoid any bumps down the road, such as bounced checks and late fees. One financial issue that needs to be cleared up is the decedent’s bank account. To close the decedent’s bank account, you need to determine the executor of the estate and clear any outstanding payments due to come out of the account. Identify the executor, who should have been named in the decedent’s will or, if there was no will, probably was appointed by the county probate court. The executor deals with all the financial responsibilities of the estate, including the bank accounts. Legally, the bank can deal only with the executor of the estate, not a beneficiary or other family member. Gather information about the number of bank accounts and account numbers. In the case of joint accounts, a surviving account owner can opt to remove the decedent’s name and keep the account open. Indi
