West Islip, NY asked in Estate Planning and Banking for South Carolina

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 (Family Trust Federal Credit Union) said only the executor of the estate can get bank statements. 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, where she used to live. I just want the statement that includes the time between my sisters death, January 11, 2023 , and when the account was frozen. Because I was not informed in a timely manner and her death was not reported until I called the bank to inquire if I was the beneficiary the account was not frozen until February 3 or 4. She did not get paper statements so no one outside of the bank has access to this information at this time. Thank you for your help.

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1 Lawyer Answer
James L. Arrasmith
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  • Estate Planning Lawyer
  • Sacramento, CA

A: As a beneficiary of a POD bank account, you may have the right to receive bank statements related to the account. However, this can vary depending on the laws of the state where the account was held and the specific terms of the account agreement. Generally, if you can provide proof of your identity and your status as the beneficiary of the account, the bank should be able to provide you with the information you request. You may want to speak with an attorney who specializes in estate or probate law to determine your specific rights and options in this situation.

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