Bank Refuses Short Certificate
I have a client who became the executor for a personal friend. He went to the court house and probated the will. He then went to the bank (with an original short certificate), which held the checking account and they said they wont release the money since you are not family related. The bank told him he has to fill out some monsterouse form of over 30 pages, sign it, notarized and then they would allow him access.
This is in New Jersey.
Is this correct or is something wrong here with the bank?
Any information on this would be helpful.
Sincerely,
Douglas
Permalink Submitted by Alan Spross on Tue, 2012-10-09 18:04
This is most likely a NJ requirement.
Permalink Submitted by Bruce Steiner on Wed, 2012-10-10 01:35
There is no such requirement in New Jersey. He should try again, perhaps at a different branch, or with a different person. Or you, as his lawyer, or your paralegal, could assist him in collecting the account.