Icey77 wrote: »
Following my Dads death 6 years ago my Mum has set up a savings account which my sister and I are additional signatories to. The account requires 2 out of the 3 signatures to withdraw cash.
This is so that there is money readily available to pay for her funeral when the time comes.
I think my grandmother has taken an similar step too.
PennyForThem wrote: »
Yes, getting 6 death certificates was a wise move as well as obtaining about 4 probate certificates - made things easier.
Businesses you send death cert and probate cert to do return them.
Always ask for the death department when calling a company - most do have dedicated advisors when calling about a departed. This is really useful as they treat you sensitively and actually help you do what needs to be done. You can contact them at any time with anything to do with the death - even months after. Get a name though would be my advice.
Bad-dad wrote: »
My wife died earlier this year and I was most surprised when her bank transferred the balances of her current & savings accounts to me within days after sight of only the death certificate. In the past nothing would have occurred until Grant of Probate had been issued. I may have been fortunate but had it been me who died and my bank had blocked my accounts until probate then my wife could have been hard pressed to meet all the day to day bills let alone those of my funeral!
Some time ago we decided to avoid any such problem by changing all of our individual savings accounts into joint accounts. This way title would immediately, upon production of death certificate, be switched to the sole survivor.
Legally , this does not apply in Scotland. The deceased's half of a joint account belongs to the deceased's estate, not the surviving joint account holder.
If anyone knows whether accounts are released nowadays without probate please advise otherwise what we did may be worth while giving some consideration.
Yes , banks do release monies without probate/ confirmation (yet they shouldn't according to law if there is more than a certain amount..) which is how my stepfather was able to clear all my mums accounts ( in her name only & well over £5,000) the day before her funeral, and keep it for himself against her wishes.
The banks have denied doing this yet I have copies of the receipts thanks to an expensive court procedure.
However, as my lawyer tells me, it's not a crime to tell lies. It only becomes a crime if you are under oath and your lies can be shown to be lies with written evidence.
Icey77 wrote: »
The account requires 2 out of the 3 signatures to withdraw cash.
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