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How do I close a bank account?

What is to be done with bank accounts To take a name off a joint bank account,
after a death varies regionally. In banks require a funeral director’s
some regions, bank accounts are statement of death. If the deceased
automatically frozen after a death. had a safety deposit box in a bank, the
To avoid any complications, the bank contents can be sealed after death and
should be notified immediately, and a funeral director’s statement of death
you should find out the procedures for will be required to gain access to the
releasing these funds, and how to set contents.
up a new account for funds received
after the death. Always check with your financial
advisor at your bank for more
It’s recommended that a joint account information.
stay open for at least six months to
allow you to deposit any cheques that
are made out to the deceased.

What is the role of an Executor?

An executor is the personal The person you choose to be
representative of your estate. They executor should be outlined in your
are the person in charge of taking will. Someone you appoint to be the
control of your assets, paying off executor of your will has the right to
any debts, and distributing assets refuse, so you should have a backup
to your beneficiaries per the terms executor in place just in case.
and conditions of your will. You can
choose anyone to be the executor of
your will, but it is a good idea to choose
someone who is both competent and
trustworthy.

Page 30 Hoskins Funeral Homes and Crematorium