₦airaland Forum

SO "NEXT OF KIN" IS USELESS IN THE BANK.

THE REAL THING NEEDED IN THE BANK IS
👇👇
IF YOU DIE TODAY, YOUR "NEXT OF KIN" WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!

So Many Nigerians Think That Their Next Of Kin Is The Automatic Heir To Their Accounts. But The TRUTH Is That If Your Next Of Kin Is Not A Signatory To Your Account, And You Don’t Have A Written Will To Determine That Person’s Legitimacy, The Person Will Not Have Access To That MONEY At All. Your Bank Will Have To Go Through A Process Called A LEGAL PROBATE.

This Probate Period Helps Them Determine Who Gets The MONEY In Your Account. This Is A Very Very Lengthy And Expensive Process. Even After The Whole Process Is DONE, Your FAMILY Will Have To FORFEIT Some Very REASONABLE Amount Of The MONEY For LEGAL FEES.

But If You Want To Avoid This, Simply Request For Your Bank To Give You Something Called A POD Form. POD Stands For "PAYABLE ON DEATH". The Name Of The Person You Fill In That POD Form Will Determine Who Will Get Your MONEY. All The Person Needs To Bring Is A Death Certificate To Get That MONEY Out.

With A POD Form, You Will Save Your FAMILY The Stress Of Going Through All That Lengthy Legal Process And Even Losing Some MONEY To The Law.

I Just Thought, I Should Let You Have Record Of This Important Information

Nothing called POD form in the bank.

THANKS

Jogs1900:
Nothing called POD form in the bank.

Pls enlighten us if u are a banker. May be the form is not called POD but u can educate us on what it is called.

Rhozabeth:
Pls enlighten us if u are a banker. May be the form is not called POD but u can educate us on what it is called.

The bank only accepts letter of administration which you can process from any probate registry in any state.

Jogs1900:
The bank only accepts letter of administration which you can process from any probate registry in any state.

Oh ok, thanks for the update.

Oka

Jogs1900:
The bank only accepts letter of administration which you can process from any probate registry in any state.

Please throw more light

rogerman:
Please throw more light

To have access to a deceased bank account, it's either you present a letter of administration gotten from the state high court or the family hands it over to the state administrator(They are being processed at the state where the deceased died.)--These documents are superior to a deceased WILL
Lawyers can explain better.

POD does not exist in Nigerian law