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Nairaland Forum / Nairaland / General / Business / How To Recover Funds From Accounts Of Deceased Loved Ones. (43321 Views)
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Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by kponkedenge(m): 10:15pm On Jul 22, 2019 |
pocohantas:Been following you closely, you're one of the smartest ladies on this forum... � |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Mekanus(m): 10:15pm On Jul 22, 2019 |
doctore212:In this all important thread 5 Likes
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Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by CaptainMitch: 10:16pm On Jul 22, 2019 |
Well-done, I think it's time I wrote a will detailing what I have to make it easier for my next of kin. pocohantas: |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by bluefilm: 10:16pm On Jul 22, 2019 |
Hmm Hanty Pocohantas, so you even sabi sontin? I been think say na only feminism nonsense and _bullshit full that your nonsense small head. Na wa o! Anyway sha, tenkiu for enlightening us. 4 Likes |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Whoeppme(m): 10:17pm On Jul 22, 2019 |
At most we now know to how to collect your millions once you die |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by gafaardy(m): 10:18pm On Jul 22, 2019 |
Thanks for the job well done! May I add that in Oyo state if the money in the deceased account is not more than One Million Naira, an application could be filed at the magistrate court without going through the rigour of obtaining a letter of administration. Equally if it is more than a million naira,it is advisable one obtain a letter of administration from Customary Court of Appeal if it is available in the state because it easier and faster to obtain a letter of administration from Customary Court of appeal than Probate Registry of High Court 4 Likes |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by laudate: 10:19pm On Jul 22, 2019 |
Nbote:Maybe there are some people who can do all the process from start to finish, without any errors. But I am yet to meet them. Not in the Lagos Probate Registry in GRA Ikeja. If there are errors in filling the forms, the application can be rejected in the probate registry. If anyone files a caveat against the application, then you need to know the next step to take in order to get the caveat lifted. And you would definitely need expert legal advice, in this area. Some lawyers do not collect a percentage of the value of the deceased's assets. Some will just request for a flat fee, which might not been so high. It all depends on the lawyer in question, and the kind of relationship you have with him or her. 1 Like 1 Share |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by laudate: 10:22pm On Jul 22, 2019 |
CaptainMitch:And please ensure that will is property stamped, filed and lodged in the probate registry of the high court. A copy will be kept with your lawyer, and another copy in the court. You too could decide to keep an extra copy with you, but make sure no one in your family sees it, in order to avoid friction..... |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Dolorsa: 10:24pm On Jul 22, 2019 |
What happens to the account(s) after having access to the funds, if any? |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by MOORCHMOORE(m): 10:28pm On Jul 22, 2019 |
pocohantas:Thank God for Solution , but it seems costly |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by AdeOracle(m): 10:31pm On Jul 22, 2019 |
laudate: Like the person said , you don't need service of a lawyer. I have a letter of administration from probate registry Lagos high court ikeja . Liaise with the staffs in the probate and they will take you through filling the form . Once form is filled and the fee is calculated, payment is made via bank draft . Afterwards its published in the newspaper, once it's ready you get the letter . Main things needed is fill the forms well, get 2 sureties/ referees and you are good to go 2 Likes |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by franchasng: 10:31pm On Jul 22, 2019 |
Nice information, but we still need more reforms in Nigeria's banking system to help family members of a deceased person to be able to trace his secret bank accounts, that's where the issue is because you can only process letter of administration for a deceased person's estate, if and only if you know about them.... What we need is a reform to help family members of deceased Nigerians search for their deceased relative's bank & investment accounts using his/her names/date of birth/place of birth/photograph and also BVN! 4 Likes |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Twonaira1: 10:32pm On Jul 22, 2019 |
So this means the Next of Kin in once account is not relevant when it comes to claiming the funds in the account. Okay, assuming the person used his brother as next of kin but later got maried and died without changing next of kin. Does it mean that the wife can lay claim to the account and succeed even when the brother (next of kin) is also laying claims? Someone with good knowledge of this issue should throw more light abeg. 1 Like 1 Share |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by franchasng: 10:33pm On Jul 22, 2019 |
bluefilm:Nairalanders and troublefinding 1 Like |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by smartkid(m): 10:33pm On Jul 22, 2019 |
Ok |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by luluosas(m): 10:35pm On Jul 22, 2019 |
Wonderful job, though I didn't read all the post. But I think this can only be possible in situations where the bereaved family members especially the Next of kin of the deceased person is aware of the existence of such account(s) before the owner dies, otherwise I am seeing it an uphill task that may never see the light of day. I may be wrong though. Thank you pocohantas: |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Nobody: 10:36pm On Jul 22, 2019 |
The reason why most people do abandon deceased relative account is because in some cases, the money you will spend in processing documents to withdraw the deceased funds from a bank is greater than or equal to that which the person is trying withdraw. The bank made it so complex so that it is almost impossible to withdraw these funds just for their own personal gain. Banks these days are more of legal criminals. 6 Likes |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by laudate: 10:37pm On Jul 22, 2019 |
AdeOracle:Good luck to you. I have not said that it is impossible, just that I have not met anyone who filed their application without the help of a lawyer. I also gave instances where legal advice could be needed, in case a caveat was filed by another party. If a caveat was filed, how would the staff of the probate registry have handled it? Just curious. I was nominated as one of the executors of my friend's will, 5 years ago. Till date, we have not been able to do much, because his widow keeps filing one caveat after the other. Thank God, the other executors are all lawyers and they have been able to deal with the issue. |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Nbote(m): 10:39pm On Jul 22, 2019 |
laudate: I don't know what U mean by errors from start to finish becos d forms are filled ryt there at d Probate registry and confirmations are made before dey are entered into d system and printed... I am telling U from my own experience and d experience of d person who went thru same and worked me thru it. I met 2 different lawyers, and dey both were going to charge based on d value of what d letter would b covering. Ryt now I'm beyond d 21days publication period and have confirmed the banks response to d letter sent to dem by probate so means I'm almost done. 1 Like |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by laudate: 10:42pm On Jul 22, 2019 |
Nbote: Did I dispute your experience? I merely told you what I have seen and discovered from my own experience in Lagos. If you were able to fill it from start to finish, without any errors....then good luck to you. |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by AdeOracle(m): 10:42pm On Jul 22, 2019 |
laudate: Well i did mine myself . Mom was the 2nd executor coz dad wasn't polygamous. In your own case , it seems the widow wasn't part of the executors maybe that's why she's filing caveat after caveat. Getting the letter can be tiring if the probate staffs ain't relating well . I got the letter before six months maybe because it was Lagos high court sha . Good luck 1 Like |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by CaptainMitch: 10:42pm On Jul 22, 2019 |
I am still in my late 20s but I have some investments that are very hidden that's why I think it's an important step to take. Wills look very tricky I will consult my lawyer friends laudate: |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by laudate: 10:47pm On Jul 22, 2019 |
AdeOracle: The wife was not one of the executors, because they were in the middle of a divorce case, before the man died. She didn't even know he had a will, so she disputed it's validity when it came to light. The probate registry is a very busy place, and you need to go from one office to another to submit different documents and follow up. Most of the time, the probate staff are too busy to even attend courteously to your enquiries, except you are willing to tip them quite well. So I guess you are one of the lucky ones. |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by bluefilm: 10:50pm On Jul 22, 2019 |
franchasng: Bia enyi a, what is it now? I hope you are not troublefinding my wahala? 2 Likes 1 Share |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Chigorkizz(m): 10:53pm On Jul 22, 2019 |
Good! |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by kayusely70(m): 11:21pm On Jul 22, 2019 |
Who get priority out of the enstranged wife or the kids or the extended family. |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Useful1: 11:27pm On Jul 22, 2019 |
You're right! The only thing the Deputy Probate Registeral, my State High Court told me in respect to my late dad's bank account was to bring a death cert with #2,6000. Upon arrival with the said amount, my mum and one of my younger sisters, it turns out there's many others processes to go through which you may not know until start it. Thanks for sharing ��� 1 Like 1 Share |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by nototribalist: 11:34pm On Jul 22, 2019 |
pocohantas:yesterday on a similar thread I commented on how the banks were frustrating my family until we now heard that any of my dad N120k monthly pension that was paid after he died would be refunded back to pension people. I would like to know if it's true |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by Yankee101: 11:40pm On Jul 22, 2019 |
Last thing...you don't need a legal practitioner...you can approach the probate court registrar and bank yourself with all the necessary documentation 1 Like 1 Share |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by jeroncomputers(m): 12:06am On Jul 23, 2019 |
Intestate, another English added to my brain disco, thanks |
Re: How To Recover Funds From Accounts Of Deceased Loved Ones. by jeroncomputers(m): 12:07am On Jul 23, 2019 |
jeroncomputers: 1 Like |
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