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Question: Are banks legally obliged to release money after grant of probate has been obtained
Yes, typically, once the Probate Registry has granted probate, the executor or appointed official has the authority to access the deceased's bank accounts. This includes closing accounts, or transferring funds. The bank is legally obliged to release funds or assets held in the name of the deceased, providing the grant of probate has been obtained and shown to the bank. However, the process could vary slightly depending on the jurisdiction or specific bank procedures. It's always advisable to consult with a legal expert or probate attorney to guide you through the process.
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