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 Standard procedure to get back your $ from Bank, bad experience to get back $(passaway)

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hksgmy
post Jul 17 2020, 08:04 AM

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Holy heck. This has been an excellent and informative discussion.

I’ll need to list all the bank accounts and details down and organise our title deeds and other investments into an excel sheet.... ain’t gonna live forever, and by that time, wife (if she’s still alive) will be as old as trees, and probably just as dumb from dementia. Gotta make things easy for her. Or me, if she kicks the proverbial before I do.
airtawarian
post Jul 17 2020, 12:10 PM

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QUOTE(aspartame @ Jul 17 2020, 07:19 AM)
But will they inform us that there are still other FDs not listed in Senarai Aset? I find this practice very strange. When the bank process the “return” of money to the executor, they already ascertain the authenticity of the executor right? So, why can’t they let the executor know the other FDs not listed in Senarai Aset? Aiyo....
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You Must understand bank procedure. They will only release with court order attach with senarai aset. They will only comply with the list only. They cannot simply reveal or give details Otherwise they are afraid Anything happen the pihak atasan will blame them Why pandai2 release. If got document to back up Can blame the document. Human nature ma
yeeck
post Jul 17 2020, 01:07 PM

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QUOTE(airtawarian @ Jul 16 2020, 09:44 PM)
So far no issue by bank. All You need is Just to show GP and they will release according to Senarai Aset in the list. Simple and Easy
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Problem is sometimes the senarai aset is not updated by the deceased, especially if it is sudden death. Most probably, the last list included with the will (for those with a will) only contains the bank, properties, vehicles, CDS account, security box details.

This post has been edited by yeeck: Jul 17 2020, 01:11 PM
airtawarian
post Jul 17 2020, 01:15 PM

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QUOTE(yeeck @ Jul 17 2020, 01:07 PM)
Problem is sometimes the senarai aset is not updated by the deceased, especially if it is sudden death. Most probably, the last list included with the will (for those with a will) only contains the bank, properties, vehicles, CDS account, security box details.
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No no no. After you hand over the Will to lawyer. The Lawyer will inform bank For the details of the deceased’s all things in the bank. The bank will list all things to the lawyers. Of Coz got extra charges by Lawyer. Other banks also Same. Thats Why no issue
viktorherald
post Jul 17 2020, 01:20 PM

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QUOTE(yeeck @ Jul 16 2020, 10:11 AM)
All banks have centralised CRM system which can show what accounts a particular NRIC has with that bank...so to say you need to go to the individual branches is rubbish as it only shows what I claimed earlier, i.e. they want to hold on to your monies as long as they can even though the GP/LA is out for a particular deceased individual.
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Some bank system do have access control restriction whereby they dont allow their user to view other branch related application info though
aspartame
post Jul 17 2020, 01:53 PM

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QUOTE(airtawarian @ Jul 17 2020, 01:15 PM)
No no no. After you hand over the Will to lawyer. The Lawyer will inform bank For the details of the deceased’s all things in the bank. The bank will list all things to the lawyers. Of Coz got extra charges by Lawyer.  Other banks also Same. Thats Why no issue
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Ok got it. Just go through lawyers.
yourinfohere
post Jul 17 2020, 02:04 PM

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Hello, may I know, if before death, possible self can do a Probate list? For an example:

Bank name with account number with what amount

This post wrote above statement unable then if like below?

1st statement which bank branch address with what account number and type basic saving account amount is min RM20, then 2nd statement, under this bank branch address with this account number have 1 FD and this FD certificate number is what number and amount is RM1K above?

If you have ASNB with account number and with 2 funds, in probate not only want list ASNB with total amount, instead like below?
ASNB with account number with fund No. 1(This only fund name without fund number) with what amount on 17 Jun 2020
ASNB with account number with fund No. 2(This only fund name without fund number) with what amount on 17 Jun 2020

If not cash, only transfer this account to beneficiary name, so don't know amount, you also want go to where obtain this kind asset truly value?
Because not like FD, you don't know value, so can approx. amount, because you finally only want transfer or change the account name to beneficiary name?

What I know if you have will and high court accept you're executor, executor want combine all asset so can ask the bank, ASNB and others to obtain at least holder account number and final updated amount, because you also want pay % to high court, if you don't know final updated amount, you can use the approx. amount apply probate?

Finally if you wrote principle FD RM10K, but this still not included interest, if Probate wrote RM10K, executor only can obtain RM10K? Others amount will gone or after saw the Probate the bank or ASNB or others will ask you go back high court make a new Probate again? because the amount should RM10399?

If ASNB only RM20K, but in Probate you wrote RM30K, you wrote more and choice paid more % to high court, but when go to ASNB only want obtain back RM20K, if ASNB included interest still not excess RM30K, so this way can use for lose some but easy obtain full amount? No need make a new Probate again and again.

This is mean after you death, bank, ASNB and others normally will freezer your account, but some not, still running, so maybe amount will increase day by day. Final updated amount not same in Probate amount, how of this situation?

Hope you can make me understand above. Thank you.

QUOTE(airtawarian @ Jul 17 2020, 01:15 PM)
No no no. After you hand over the Will to lawyer. The Lawyer will inform bank For the details of the deceased’s all things in the bank. The bank will list all things to the lawyers. Of Coz got extra charges by Lawyer.  Other banks also Same. Thats Why no issue
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This post has been edited by yourinfohere: Jul 17 2020, 02:08 PM
airtawarian
post Jul 17 2020, 02:10 PM

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QUOTE(yourinfohere @ Jul 17 2020, 02:04 PM)
Hello, may I know, if before death, possible self can do a Probate list? For an example:

Bank name with account number with what amount

This post wrote above statement unable then if like below?

1st statement which bank branch address with what account number and type basic saving account amount is min RM20, then 2nd statement, under this bank branch address with this account number have 1 FD and this FD certificate number is what number and amount is RM1K above?

If you have ASNB with account number and with 2 funds, in probate not only want list ASNB with total amount, instead like below?
ASNB with account number with fund No. 1(This only fund name without fund number) with what amount on 17 Jun 2020
ASNB with account number with fund No. 2(This only fund name without fund number) with what amount on 17 Jun 2020

If not cash, only transfer this account to beneficiary name, so don't know amount, you also want go to where obtain this kind asset truly value?
Because not like FD, you don't know value, so can approx. amount, because you finally only want transfer or change the account name to beneficiary name?

What I know if you have will and high court accept you're executor, executor want combine all asset so can ask the bank, ASNB and others to obtain at least holder account number and final updated amount, because you also want pay % to high court, if you don't know final updated amount, you can use the approx. amount apply probate?

Finally if you wrote principle FD RM10K, but this still not included interest, if Probate wrote RM10K, executor only can obtain RM10K? Others amount will gone or after saw the Probate the bank or ASNB or others will ask you go back high court make a new Probate again? because the amount should RM10399?

If ASNB only RM20K, but in Probate you wrote RM30K, you wrote more and choice paid more % to high court, but when go to ASNB only want obtain back RM20K, if ASNB included interest still not excess RM30K, so this way can use for lose some but easy obtain full amount? No need make a new Probate again and again.

This is mean after you death, bank, ASNB and others normally will freezer your account, but some not, still running, so maybe amount will increase day by day. Final updated amount not same in Probate amount, how of this situation?

Hope you can make me understand above. Thank you.
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No need So leceh. Just write down Everything in the will amount no need. Later upon death the law firm need to inform each bank or ASNB Then they will let law firm knows. But You need inform law firm to do. They usually dont do this

yourinfohere
post Jul 17 2020, 02:29 PM

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Thank you.

I don't know if you're Executor you responsibility list the all asset with amount, not others.
Lawyer firm not do, if you want lawyer or lawyer staff do this, maybe you want add one new lawyer staff be a executor, this is mean not only add new executor charge some cost, you want want paid max 5% of your total value asset, so if like that, better first choice is appoint Lawyer firm and their staff, you not need do any. That's why some post wrote like that.

If your're executor still unable get the holder all info, deal with bank, ANSB and others, this executor is for what?

Look like want do also unable like that. I also don't know. Just like that.

This post has been edited by yourinfohere: Jul 17 2020, 02:30 PM
yeeck
post Jul 17 2020, 02:50 PM

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QUOTE(aspartame @ Jul 17 2020, 01:53 PM)
Ok got it. Just go through lawyers.
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Not exactly, even if you have a will, try to keep your asset inventory list updated. That's what most good will writers recommend so that it will be easier to do asset tracing.

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