Q: Small estate affidavit question
When presented with a small estate affidavit, does a bank have a duty to disburse funds equally to all heirs, or does the bearer have the same authority as the decadent?
A: I have already answered this question in another area.
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A: Typically the bank will only distribute your share to you, and the other heirs will have to go in with the small estate affidavit copy to withdraw their portion. However, I have known banks to distribute the entire account to an heir who brought in the affidavit, so you never know. It depends on the bank.
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