If your loved one has died and you need access to his or her bank account, a bank employee may ask you for Letters of Administration (LOAs), which are court orders that are costly and may take at least 6 months to obtain. Your first step should be to speak with estate planning attorneys in Fort Myers.
When Letters of Administration are Necessary
You may need LOAs for the following reasons:
To find out how much money is in the account: The bank can remain silent until you present LOAs as proof that they can discuss the account with you.
To open a safe deposit box: You could also get a court order for this, but a simple order typically will only allow you to take inventory without removing any of the contents.
On the other hand, you probably won't need LOAs if you want an account liquidated to heirs. Summary distribution, which is much quicker and less costly than LOAs may suffice in certain situations.
If you are unsure whether you need Letters of Administration or summary distribution, you should schedule a consultation with estate planning attorneys in Fort Myers, who can advise you on the proper steps to take.
Help from Estate Planning Attorneys in Fort Myers is Just a Phone Call Away
Fort Myers estate planning attorney Matthew A. Linde understands firsthand the importance of careful estate planning and the complexities of financial legal matters, such as probate, tax litigation and guardianship. For help with your probate concerns, contact our Fort Myers office to schedule a one-on-one meeting with a professional who can answer your questions – 1-239-939-7100 or 1-888-643-6514.
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Matthew A. Linde, P.A.
12693 New Brittany Blvd.
Fort Myers, FL 33907
Toll Free: 888.643.6514