Ask AI: Are banks legally required to release money after the grant of probate has been obtained

Yes, typically, once the Grant of Probate has been obtained, banks are legally obliged to release the money from the account of the person who has passed away to the executor or personal representative of the estate. However, this process may often require proper documentation, including proof of death and proof of appointment as executor or personal representative. Smaller estates, below a certain threshold, may not always require a grant of probate. Individual banks and financial institutions may have specific policies surrounding this process, so it is always a good idea to check with them for procedure-specifics.