Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,129 members, 7,849,514 topics. Date: Monday, 03 June 2024 at 11:08 PM |
Nairaland Forum / Nairaland / General / Family / How Can A We Claim Our Deceased Uncle's Funds In The Bank! (1032 Views)
My 43yrs Old Uncle Is Rich But Still Single / Battle For Child Custody For A Deceased Friend / Zimbabwean Man Catches His Wife & Her 'Uncle' In Bed, Attempts Suicide (2) (3) (4)
How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Joanney: 12:50am On Apr 27, 2022 |
Good morning guys. So my uncle passed away in December 2021 and we just finished his funeral rites last weekend. His survivors (wife and two daughters) want to claim the money in his bank accounts but don't know how to start. He died in an auto crash and left no will. |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Karleb(m): 1:20am On Apr 27, 2022 |
Get his ATM card, change his pin and withdraw everything. Or you could transfer via his Mobile app or USSD. The formal approach will frustrate you. 2 Likes |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Joanney: 1:26am On Apr 27, 2022 |
Karleb:The first daughter was able to open the bank app but she doesn't know his transfer pin(the 4 digits). We've tried changing it but we need his atm pin for that. |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by CountVersailles(f): 1:36am On Apr 27, 2022 |
Joanney:So, una just wan clean out the man's account because he's dead, abi? 2 Likes 1 Share |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Joanney: 1:40am On Apr 27, 2022 |
CountVersailles:The family needs the money to offset costs accrued during the burial ceremony. 2 Likes |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Karleb(m): 1:44am On Apr 27, 2022 |
Joanney: There's a way to easily change the ATM pin. Someone did it here some weeks ago. If you search the family section here, I'm sure you will find the thread. |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by shilenji(m): 2:58am On Apr 27, 2022 |
Go to the bank with evidences of his demise. He must have given off a name of his next of kin. That's what next of kin is for. 2 Likes |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Kimiso(m): 3:08am On Apr 27, 2022 |
Am also entitled to the property make una alla me when it's ready ,am the son of his third party wife who lives at ajegunle |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Teleprompter(f): 3:22am On Apr 27, 2022 |
Your uncle, you say? Clear debts accrued, you say? I see ! 1 Like |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by HarunaWest(m): 4:19am On Apr 27, 2022 |
Joanney:So your uncle still covered his own burial expense. Nawa ooo which kind family be this. |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by damosade(m): 5:19pm On Apr 27, 2022 |
Nothing like next of kin in the bank these days only if the deceased wrote a will. But in estate (Means deceased with no will) there are the steps to take. 1. Inform the bank with the evidence of his death certificate . By the legal wife or any of the deceased children. With this , bank will put a debit freeze on the account to avoid third party withdrawal by proxy. You can get the balance in the account to process letter of admin 2. You get a lawyer to approach high court for a letter of Admin. Letter of admin from the court must show the new right owner of the deceased account balanced as resolved by the family, 3. After the issuance of letter of Admin, your bank will open an InEstate account where the deceased funds will be transferred to and 10% Government tax bank draft will be debited in favor of the high Court. 4, The signatures to the opened account in 3 can now withdraw the funds From the account. I think lawyer too charges 10%. 5, In a situation where the fund is not up to 200,000. No extra tax . Magistrate court letter is allowed to give admin letter also. 1 Like |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by brightest5050: 10:25pm On Apr 27, 2022 |
shilenji: Nigerians and this popular misconception of what next of kin is. The court have said it over and over again that next of kin do not mean next to inherit. |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by frozen70(f): 3:23am On Apr 28, 2022 |
Joanney: When they are ready, let them go to his bank with his death certificate, obituary and family pictures The bank will advise and direct them to go to high court and get a letter of admiration That's the beginning of the process |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by Rubyjade: 6:16am On Apr 28, 2022 |
The process The bank will need to be contacted by a relative of the deceased person. After contact has been established, the bank will request a letter of administration and then proceed to restrict outflows. The funds in the account are then transferred to the estate of the deceased person. Joanney:Did he leave any will? If no, you will need letter of administration (LOA) |
Re: How Can A We Claim Our Deceased Uncle's Funds In The Bank! by baby124: 6:45am On Apr 28, 2022 |
Don’t tell the bank anything o. That’s when you start seeing all sorts of withdrawals from criminals in the bank. First go and Get Letter of Administration. Try to make sure you get the balance of all his accounts and investments before informing the bank with proof of this including letter of administration by your lawyer. I hope you are really fighting for the wife and kid sha. 1 Like |
(1) (Reply)
I Wish Not To Wake Up / How Can I Handle This? / At Your Age, What Is That one thing you're still Unable To Do?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25 |