My Parent Died and I Can’t Find Their Bank Accounts
Locating a loved one’s bank accounts can be tough, especially without paper statements. Here’s what you can do.
How to Find a Deceased Parent’s Bank Accounts
Losing a parent is never easy, and probate can be even more difficult when you have no idea where they banked. Unfortunately, this is becoming more common with the rise of electronic statements, as there is no physical mail to indicate where accounts are held. So, what can you do if you find yourself in this situation? In this blog post, we’ll discuss some tips for finding a deceased parent’s bank accounts.
Access Their Statements
The first step is to try and gain access to any electronic records your parent may have had. If you have access to their email or online accounts, this may provide valuable information about where they banked. However, if you don’t have access to these records, you’ll need to start making some phone calls.
Start by calling banks in your area to ask if your parent had an account with them. Be prepared to provide your parent’s name and any other identifying information that may help the bank locate their account. If the bank has a record of an account in your parent’s name, they should be able to provide you with some information about the account and what they need next.
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What if the Bank Won’t Talk?
If the bank won’t divulge any information, you may need to go through the probate process. This involves being named as the administrator or executor of your parent’s estate, which will give you legal authority to access their financial records. From there, you can handle any accounts they may have had and take the necessary steps to close or transfer those accounts.
To avoid this situation in the future, it’s a good idea to create a list of all your financial accounts and assets and share this information with your loved ones. This can help make the process of administering your estate much easier for your family after you’ve passed.
Finding a deceased parent’s bank accounts can be a challenging and time-consuming process. However, by making some digging through digital records, making some phone calls, or potentially going through the probate process, you may be able to locate any accounts they may have had. To avoid this situation in the future, make sure to keep a record of all your financial accounts and share this information with your loved ones.
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