What is the name of your state? IL
My sisters father in law passed away a week ago. The will names his only daughter as the executor of the will. When she went to the bank to take money out to pay the funeral bill, she discovered that the bank froze all accounts that had her dad's name on them, including accounts that were held jointly by her and him. She claims the bank told her that since he has dided, that the account will remain frozen indefinately. This apparently happened after the mother died as well 15 years ago. Apparently the lawyer told them the bank acted they way they should have. How are they supposed to pay the remaining bills from his hospitalizations and doctors bills, as well as the funeral expenses, if the accounts are frozen with no apparent way of unfreezing them? Even if an estate has a will, does it not have to go thru the court?
At the same time, a saftey deposit box that is held jointly with his ex-wife (he never removed her name) is frozen, but if the ex-wife came in and said that she lost her key, they will apparently let her access it with ID (this is what the bank apparently told the family). How can this happen with teh saftey deposit box, but not the jointly held accounts?
Something is not adding up here.
My sisters father in law passed away a week ago. The will names his only daughter as the executor of the will. When she went to the bank to take money out to pay the funeral bill, she discovered that the bank froze all accounts that had her dad's name on them, including accounts that were held jointly by her and him. She claims the bank told her that since he has dided, that the account will remain frozen indefinately. This apparently happened after the mother died as well 15 years ago. Apparently the lawyer told them the bank acted they way they should have. How are they supposed to pay the remaining bills from his hospitalizations and doctors bills, as well as the funeral expenses, if the accounts are frozen with no apparent way of unfreezing them? Even if an estate has a will, does it not have to go thru the court?
At the same time, a saftey deposit box that is held jointly with his ex-wife (he never removed her name) is frozen, but if the ex-wife came in and said that she lost her key, they will apparently let her access it with ID (this is what the bank apparently told the family). How can this happen with teh saftey deposit box, but not the jointly held accounts?
Something is not adding up here.