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Home >> Special Situations >> Deceased Individuals
Both Owners Deceased - Can't Get Funds
Before my grandmother passed, she informed me that I had an account at a bank that was set up for me, but I could not access it until I became eighteen. The account was set up by a good friend of my grandmother's. She is the other account holder; has no kids and never married.
I am 28 now, and after years of research, I finally found the account. It was transferred to three banks and is still open and active. Here's the catch. I am on the account with the deceased and the beneficiary was my grandmother who is also deceased. I contacted the bank and they advised me to bring a copy of both death certificates, and they will release the funds to me. I got a copy of my grandmother's death certificate, but was not able to obtain a copy of grandmother's friend because of her having no relations.
How do I go about getting my funds? There are no estates for either of the deceased, and there is no power of attorney of which I am aware. Vital Statistics wants the bank to write them a letter stating that I am on the account with the deceased, but the bank will not do so, saying it is against their policy. Please advise.
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 Vital Statistics offices are getting reluctant to hand out copies of death certificates to non-family members because they are often abused in identity theft scams. If you aren't able to convince the office to give you one for your grandmother's friend, see if you can scare up a copy of her obituary from the archives of a local newspaper. Ask the bank if it will accept it before you go to the trouble and expense of tracking it down and getting the copy.
Published on BankingQuestions.com 1/16/09
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