Estate Lawyer Neola Utah

estate planning attorney Neola Utah

How to Access a Deceased Parent’s Bank Account As an Executor

Getting access to a deceased parent’s bank account is a challenging task. It can be done in a number of ways. A good way to go about it is by contacting an attorney. An attorney will know the ins and outs of probate laws. They may also have a power of attorney that can be used to access funds from the account.

Steps

The first step in accessing a deceased parent’s bank account is to determine whether the account is jointly owned by another person or in a trust. If the account is jointly owned, it will pass to the joint owner upon the death of the original owner. A bank account in the name of a trust will be passed to the trustee, who will notify the bank of the owner’s death.

The next step in accessing a deceased parent’s account is to determine what documents will be needed. The requirements will vary from bank to bank. Some will require you to fill out forms or provide a certified copy of the death certificate. You may also have to apply for an EIN (employer identification number) for the estate. The IRS has a number of websites that provide an online EIN application.

Other ways

A letter of administration is another way to access a deceased parent’s bank account. This legal document, issued by the court, confirms that you are an administrator of the estate. If there is no will or power of attorney, the court will appoint you as the administrator. You will need to notify all creditors of your status. You may also need to file a final tax return for the decedent. You may also need to sell certain assets to raise money for the estate.

The letter of administration is only part of the probate process. You will also have to notify the bank of your status as the administrator and provide documentation pertaining to the account. The bank may require a certified copy of a death certificate or a letter of administration. The bank may also require a certificate of trust, naming you as the successor trustee.

Proper legal authority

The biggest challenge to accessing a deceased parent’s bank account is getting the proper legal authority to do so. A court may grant you the right to close the account or grant you authority to access the funds in the account. You may have to visit the bank with a valid ID and show them proof of your authority. This is a good way to make sure that you are able to access the account in a timely manner.

Another major requirement

The other major requirement to access a deceased parent’s bank account is to know what is the best way to do it. This may be a complicated task, but there are a few simple steps that can help. The best way to determine the best way to access a deceased parent’s account is to consult an attorney. The attorney can help you understand the various laws that govern accessing a deceased parent’s account.

If you have questions, you can get a free consultation with the Best Estate Planning Lawyers.

Parklin Law – Estate Planning Lawyer
5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699
https://www.parklinlaw.com/
https://parkin-law.business.site/

When you need a Lawyer, contact this law firm:

Parklin Law

5772 W 8030 S, # N206
West Jordan UT 84081
(801) 618-0699
https://www.parklinlaw.com/
 

Neola, Utah

From Wikipedia, the free encyclopedia
 
 
 

Jump to navigationJump to search

Neola, Utah
Location in Duchesne County and the state of Utah

Location in Duchesne County and the state of Utah
Coordinates: 40°26′10″N 110°1′57″WCoordinates40°26′10″N 110°1′57″W
Country United States
State Utah
County Duchesne
Area

 
 • Total 3.78 sq mi (9.78 km2)
 • Land 3.77 sq mi (9.77 km2)
 • Water 0.004 sq mi (0.01 km2)
Elevation

 
6,020 ft (1,835 m)
Population

 (2010)
 • Total 461
 • Density 122/sq mi (47.2/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
84053
Area code 435
FIPS code 49-54110[1]
GNIS feature ID 1430684[2]

Neola is a census-designated place (CDP) in Duchesne CountyUtah, United States. The population was 461 at the 2010 census.[3] Neola was established in 1912.

Comments are closed.