The Elrod Firm

ASK THE PROS

Is This Will Any Good?

Justin, my mother died last month. She had a will leaving everything to me, her only son. I’m also her executor. When I went to the bank to close out her accounts, they wouldn’t even talk to me, even though I had the will with me. Can you help? – Johnny

Johnny, thanks for writing about this frustrating situation. Unfortunately, it’s more common than you might think. The reality is that your mother’s will does not give you access to her bank accounts, nor does it give you authority to take over any other assets she owned at death. Instead, your mother’s will only gives you the right to go to court to open a probate on her behalf and request that the judge appoint you as administrator of her estate.

Before taking that step, you might consider asking the bank if there were any co-owners on the account with your mother or whether anyone was listed as a POD (pay on death) beneficiary. You might think the bank would have already offered that information to you, but if you didn’t ask directly, whoever you spoke with might not have checked on that. If there is a co-owner or the death beneficiary but it isn’t you, the bank still won’t give you much information, but at least you won’t be wasting your time with probate.

If there is no co-owner or beneficiary designation, your only remaining option is to speak with an attorney about probate. Depending on the amount involved, you might prefer to pursue a small estate probate. That process is quicker and less expensive than the full probate process, but it’s only available in limited circumstances.

If you need to speak with someone about a probate issue, our attorneys can help. We have offices in Springdale, Bentonville, and Fort Smith. For more information on estate planning and elder law issues please call our central number of 479.750.1101 and we will get you directed to the office nearest you!

Are you in a similar situation?

We can help you navigate your unique circumstance.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on email
Email

agen slot online | slot online pulsa | slot online | daftar slot online | slot online terbaik | slot online resmi | login sbobet | slot online | sbobet wap | judi bola online | joker123 apk | situs joker123 | casino online | casino online terbaik | login sbobet | agen sbobet | slot online | live slot | togel online | Idn Poker | joker123 | sbobet | situs judi slot | agen slot online | slot online terlengkap | slot online terpercaya | slot online | sbobet | joker123 | idn poker | slot | agen sbobet | sbobet | slot online | idn poker | joker123 | slot online | togel online | sbobet mobile | poker online terpercaya | freebet

bandar togel online | situs sbobet terpercaya | agen slot joker123 | judi slot online | link alternatif sbobet | live casino online | agen poker online | asianbookie handicap | togel online singapore | daftar agen sbobet | slot online deposit pulsa | login joker123 apk | bandar poker online | liga88 |