HOW TO RECOVER MONEY IN THE BANK ACCOUNT OF A DEAD RELATIVE
When a loved one passes on, the money in his bank account does not automatically move to the children or family, and this is where many people get stuck.
Banks will not release one naira until the law is followed, no matter how emotional the situation is.
That is why understanding the probate process is important in recovering funds legally and smoothly.
When a dad, mum, or sibling dies, the law requires proof that the person seeking access to their money is the rightful beneficiary.
This proof comes from the Probate Registry which is empowered to issue Letters of Administration (when the person died without a Will) or Grant of Probate (when there is a valid Will).
Without one of these documents, the bank is legally barred from releasing the funds even if the whole family is in full agreement.
This is why engaging an experienced Property Lawyer early makes the entire process faster and easier.
He helps you gather the correct documents, interphase with the probate registry, avoid unnecessary delays in releasing the funds, protect the estate from disputes.
Whether you are in Nigeria or abroad, your Property Lawyer guides you through it all and deals directly with the probate registry and the bank on your behalf.
If you want easy and quick access to your loved one’s money, an experienced Property Lawyer is who you need.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria