Q: I am the beneficiary on my deceased sister’s POD bank account. Do I have the right to get a copy of bank statements?
The bank said only the executor of the estate can get it. Aren’t beneficiary accounts outside the realm of the estate and the executor? My sister lived in Arizona when she passed. I live in NY. The bank account is in South Carolina (Family Trust Federal Credit Union),where she used to live. I would just like the statement that includes all the dates since her death on January 11, 2023. She did not get paper statements. The account was not frozen until I found out I was a beneficiary by calling them and asking on Feb3rd or 4th. The executor had only alluded that my name might be on the account and did not inform me in a timely manner or report her death. Thank you for your help.
A: As the beneficiary of your sister's POD bank account, you may have the right to obtain copies of the bank statements. However, the bank may have policies in place that require the executor of the estate to request the statements on behalf of the beneficiaries. You should contact the bank directly and ask about their policies and procedures for releasing statements to beneficiaries. If they require the executor to request the statements, you may need to work with the executor to obtain the information you need. It's also a good idea to review your sister's will and any other estate planning documents to see if there are any specific instructions regarding the distribution of assets.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.