Access to bank accounts

Hi all,

I am hearing conflicting points of view regarding the access of bank accounts by the executors, and I can see both arguments.

It frequently comes to pass that children executors have access to a deceased parent’s bank account, by virtue of them having been attorney (and sometimes not even that). I know of many such children who have paid bills or moved money around after death, although usually in good faith, before notifying the bank.

On the one hand, this feels deceptive. On the other, legal title to the deceased’s assets vest in the executor through the will, so they are entitled to take control of the bank account?

(Clearly this argument wouldn’t wash for administrators)

Any thoughts?

Many thanks

Roger

Hi Roger,

Ìts a common problem we encounter, made more confusing IMO as the banks make up thier own rules on the requirements for probate.

Richard C. Bishop
PFEP