Each bank has its own policy but most will release funds held in the deceased’s account within two weeks of being provided with the documentation they require. Many will release a sum of money prior to the grant to deal with essential expenses such as funeral costs. The executor should approach the relevant bank promptly to determine the approach they take.
How long do banks take to release money after probate? (2024)
References
- https://www.investopedia.com/what-happens-to-your-bank-account-after-death-5217555
- https://gokallaw.com/does-a-beneficiary-have-a-right-to-see-financial-statements/
- https://www.nerdwallet.com/article/investing/estate-planning/what-is-an-executor-not-allowed-to-do
- https://the-probate-network.co.uk/probate-question/how-long-do-banks-take-to-release-money-after-probate/
- https://navi.com/blog/deceased-account/
- https://www.thegazette.co.uk/all-notices/content/103884
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