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Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

Law Office of Roland D. Waller - Probate and Real Estate Attorney - New Port Richey, Florida

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Law Office of Roland D. Waller
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New Port Richey, Florida 34652

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Thursday, 11 November 2021 / Published in Estate Planning, Probate, Videos

Should Bank Accounts of the Deceased Person Be Closed Immediately Upon Death?

Video Summary

Should a bank account of the deceased person be closed immediately upon death? First off, we would need to determine whether or not it is a joint account. If it’s a joint account, particularly between husband and wife, I do not suggest that it be closed immediately. The reason for that is if a check comes in a payable to the decedent, you need to have some place to deposit it so that you wouldn’t have to go through a probate proceeding in order to cash the check. If however, the account is just in the decedent’s name, I suggest that you may want to deliver a death certificate to the bank and ask them to freeze the account. You would then need to go through a probate proceeding in order to close the account and collect the proceeds. So, if you have any questions about how to collect the money from, deceased bank account, give me a call at (727) 847-2288.

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