Will probate

Kiran Mohite (Querist) 25 March 2021 This query is : Resolved
Will has been probated by court with allocation of assets defined in the will. The bank account of the deceased has not been nominated but will states the asset to the successor. There is executioner stated in the will. Will the bank proceed to deposit the amount in the executioner bank account or willed individual account

Follow Query

Report Abuse

Quick Summary

Following a court-probated will, the executor is responsible for distributing assets, including bank accounts, as per the court's order. Even if the bank account wasn't explicitly nominated, the will's instructions and the probate order will guide the bank. The bank is obligated to deposit the funds into the executor's account, who will then disburse them to the beneficiaries according to the will or court directives.

SHIRISH PAWAR, 7738990900 (Expert) 25 March 2021
Hello,

The executioner and bank will act as per the probate order of the court. As per query bank account is also given to successors so the bank has to deposit the same to the executioner account as executor is appointed. You can find the mention in the court order about the bank account. Bring to the notice of the bank and the bank will act as per the probate of court.

Advocate Bhartesh goyal (Expert) 25 March 2021
Bank is boond to obey the probate courts order .Though bank will deposit the lying amount in the account of executor and and executor has to disburse the amount to beneficiary of will or as per directions of probate court.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries