Next of kin letter to bank

Next of kin letter to bank DEFAULT

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COVER LETTER TO: Registration Section Division of Corporations SUBJECT: Name of Limited Liability Company Dear Sir or Madam: The enclosed Articles of Correction and fee(s) are submitted for filing.
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    What is a next of kin letter?

    Next of kin refers to a person’s closest living blood relative. The next-of-kin relationship is important in determining inheritance rights if a person dies without a will and has no spouse and/or children. In this context, next of kin would include a spouse i.e. a person related by the tie of legal marriage.

    How do you prove next of kin?

    How do you prove you’re next of kin?

    1. A government-issued form of identification.
    2. Birth certificate (identifying parents, if you are a child of the deceased)
    3. Sworn affidavit from someone who knows you and your relationship to the decedent.

    What is an affidavit of kinship?

    A Legal Affidavit A legal next-of-kin affidavit is a notarized document with several specific sections. It also describes the relationship of the heir to the deceased. The next section of the affidavit states which other living relatives exist and their relationship to the deceased.

    What is a certified surrogate certificate?

    Surrogate’s certificates or Letters Testamentary are issued by the Surrogate’s office and are used to transfer assets of the decedent’s estate. They are the executor’s authority to act for the estate.

    How do you sign a surviving spouse?

    When you’re a surviving spouse filing a joint return and a personal representative hasn’t been appointed, you should sign the return and write “filing as surviving spouse” in the signature area below your signature.

    Do I get a stimulus check for my deceased spouse?

    Does someone who died qualify for the payment? In some cases, yes. As long as the person died in 2020, didn’t receive a stimulus check but was eligible based on their 2020 income when their return is filed, then the person can claim the Recovery Rebate Credit on the return, according to Greene-Lewis.

    What happens if you don’t file a deceased person’s taxes?

    If you don’t file taxes for the decedent and the estate promptly, the IRS can file a federal tax lien requiring you pay the decedent’s income tax ahead of other bills. If the estate can’t pay the debt because you spent the money on another debt or distributed assets to the heirs, the IRS may look to you for the money.

    Do you have to attach a death certificate to a tax return?

    Does a death certificate have to be attached to the tax return? No, a copy of the taxpayer’s death certificate does not have to be sent with the tax return.

    Can I claim funeral expenses on my tax return?

    Individual taxpayers cannot deduct funeral expenses on their tax return. While the IRS allows deductions for medical expenses, funeral costs are not included.

    What papers to keep after someone dies?

    What Records Should be Kept Other Than Tax Returns? Retain paper copies of receipts (pay stubs, life insurance statements, credit card statements, bank and investment statements). Keep these for one-three years. Records of assets should be kept until the assets are sold (cars, investments or savings bonds).

    Who must file Form 1310?

    Form 1310 can be used by a deceased taxpayer’s personal representative, surviving spouse, or anyone who is in charge of the decedent’s property in order to claim a refund that was due to the taxpayer at the time of death. If a personal representative has been appointed, they must sign the tax return.

    How do you file taxes for someone who passed away?

    All income up to the date of death must be reported and all credits and deductions to which the decedent is entitled may be claimed. File the return using Form 1040 or 1040-SR or, if the decedent qualifies, one of the simpler forms in the 1040 series (Forms 1040 or 1040-SR, A).

    Does Form 1310 need to be mailed?

    Send it to the same Internal Revenue Service Center where the original return was filed if you are filing Form 1310 separately. If the original return was filed electronically, mail Form 1310 to the Internal Revenue Service Center designated for the address shown on Form 1310 above.

    How do I fill out Form 1310?

    At the top of the form write the calendar year or the other tax year beginning and ending. Write the name of the decedent, the date of death and the decedent’s social security number. Write the name of the person claiming refund with his social security.

    Where do I file IRS Form 1310?

    You can return the joint-name check with Form 1310 to your local IRS office or the Internal Revenue Service Center where you filed your return. A new check will be issued in your name and mailed to you.

    Who can file a dead person’s taxes?

    Use the same IRS Form 1040 as you would for living taxpayers, but note the date of death on the top. If there’s no surviving spouse, then the trustee, executor or administrator must file Form 56 letting the IRS know that they’re the person responsible for the final tax return.

    Can I use TurboTax to file for a deceased person?

    If you’ve had a death in the family, TurboTax can help you prepare and file the family member’s final tax return.

    Who notifies Social Security when someone dies?

    In most cases, the funeral home will report the person’s death to us. You should give the funeral home the deceased person’s Social Security number if you want them to make the report. If you need to report a death or apply for benefits, call 1-(TTY 1-.

    How long do you need to keep the records of a deceased person?

    three years

    How long does an executor have to keep estate records?

    6. Wait Six Months (or sometimes longer) By law the Executor has to hold onto estate assets for six months from the date Probate is granted, and cannot pay out any money to the beneficiaries before this time is up.

    How far back do you need to keep medical records?

    Federal law mandates that a provider keep and retain each record for a minimum of seven years from the date of last service to the patient. For Medicare Advantage patients, it goes up to ten years.

    What to do when a parent dies and you are the executor?

    The Top 10 Things an Executor Should Do in the First Week After Someone Dies

    1. Handle the care of any dependents and/or pets.
    2. Monitor the home.
    3. Notify close family and friends.
    4. Arrange for funeral and burial or cremation.
    5. Prepare the funeral service.
    6. Prepare an obituary.
    7. Order Death Certificates.
    8. Find Important Documents.

    What is the executor of a will entitled to?

    Executors are legally responsible for: Identifying everything in the estate — for example, cash from bank accounts, insurance policy proceeds and pension payments. Valuing the assets. Specialist valuers may be needed to value some assets such as the home or shares in a family company.

    Can an executor keep all the money?

    An executor cannot simply gather assets, pay bills and expenses and then distribute the remaining assets to the beneficiaries. She needs court approval for closing the estate, and in most states, this involves giving a full accounting of everything on which she spent money.

    Sours: https://www.mvorganizing.org/what-is-a-next-of-kin-letter/
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    Here is a sample template you can use to write a change of next of kin letter.


    [Date]

    To

    [Recipient Name]

    Subject: Change of Next of Kin

    Dear [Name],

    This is to bring to your notice that I [Name] would like to change my next of kin’s name. Previously, my next of kin was [Name]. However, I would like [Name] to be my next of kin due to some personal concerns. This person is my [relation], and therefore, I would want [him/her] to be my next of kin.

    I assume that all the related conditions will continue to remain the same. I request you to acknowledge this letter and inform me about the success of my change request. For any further queries, please feel free to reach out to me on my existing contact details.

    Sincerely,

    [Name]

    [Designation]


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    Sours: https://www.52editions.com/change-of-next-of-kin-letter/
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    Deceased customers' accounts

    A bank will freeze a deceased customer’s individual accounts when notified of the death. This includes transactional accounts, term deposits, credit cards and loans.

    Banks won’t necessarily know that a customer has died, so it is important to notify the bank as soon as possible. Anyone can notify the bank but typically this responsibility would fall on the next of kin or the estate representatives. The bank may ask for identification from the person notifying the bank as well as a copy of the death certificate.

    Instructions

    A bank can take instructions about a deceased person’s accounts only from someone authorised to act on behalf of the deceased’s estate. As well, it can give information about the accounts only to those entitled to request it. That’s because a bank’s duty of confidence to customers does not end with their death. (See also our guide on privacy and confidentiality.) This means next of kin and estate beneficiaries cannot give instructions to a bank or require a bank to give them information about a deceased person’s bank account. It also means we can rarely look into complaints about a deceased customer’s accounts from anyone other than the executor or administrator of the estate.

    The legal process is usually to obtain probate or letters of administration from the High Court. This allows executors or administrators to deal with the deceased’s property, including his or her bank accounts.

    Having obtained probate or letters of administration, an executor or administrator will typically set up an account called “the estate of [deceased’s name]”. The bank will then transfer funds from the deceased customer’s accounts to the estate account before closing the individual’s accounts. The executor will distribute funds from the estate account according to the terms of the will and then close the estate account.

    If the deceased has no will and the estate is worth less than $15,000, the bank may forward money in the deceased’s accounts to his or her next of kin. But the bank must be satisfied the person is dead and that no application has been made to the High Court to administer the estate. In such circumstances, the bank will probably want to see a copy of the deceased’s death certificate and information about the next of kin. Even then, the next of kin may not necessarily be entitled to information about the deceased’s accounts, and may have to seek letters of administration from the court in order to access that information.

    Signing authorities

    When a customer dies, all signing authorities on that person’s accounts and any power of attorney authority are no longer valid. Signing authorities allow a person to operate an account in the name of another person despite not owning the funds. A power of attorney is a wider power and enables someone to act on behalf of another person in specific areas or in all matters.

    Joint accounts

    If a deceased customer had a joint personal account, the account will usually be transferred into the remaining account holder’s name, or names if there is more than one. This step will be more complicated if there is debt (particularly a loan secured by a mortgage over a property).

    To learn more about estates, we suggest you talk to your bank or lawyer. See also our guides on account mandates and power of attorney.

    Complainants

    Our rules require us to look only at complaints from those who received the financial service about which they are complaining. When someone dies and the High Court grants probate or letters of administration, the executor of the will or administrator of the estate becomes the deceased’s representative and can make a complaint on his or her behalf. We cannot look at complaints if probate or letters of administration are pending or have not yet been sought. Nor can we consider complaints from next of kin or estate beneficiaries if these documents have been granted (unless the executor or administrator agrees).

    In some limited circumstances, we may be able to consider a complaint from next of kin or estate beneficiaries if the estate is worth less than $15,000 and the High Court granted no document.

    Additional resources

    The following organisations offer support and information about what to do after a loved one has passed away

    • Public Trust: Provides information about estate administration and management. Explains the process of administering an estate, how long it will take and the costs involved.
    • Births, Deaths & Marriages: Gives an overview of what you might need to do after the death of a loved one. This includes information about probate and wills, financial help, registering a death, planning a funeral and what to organise before you die.
    • Employment New Zealand: Provides information about bereavement leave - leave employees can use if someone close to them passes away (and they meet the criteria).
    • Grief Support Services (Western Bay of Plenty only): Offers support and understanding, individual and whānau/family counselling, specialized child counselling, bereavement support courses and connections to other support groups and agencies.

    A bank can only take instructions about a deceased person’s accounts from someone authorised to act on behalf of the deceased’s estate

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    Sours: https://bankomb.org.nz/

    To bank of next kin letter

    Column: Scammers told my wife she was inheriting $25 million. I decided to play along

    It was Emma Weibel’s lucky day.

    The Lake Oswego, Ore., resident received a letter from someone named Mike Ross informing her that an Aneta Weibel had died and left a $6-million estate. Ross said he wanted to have Emma declared Aneta’s next of kin so she could inherit the bulk of the money, with a modest portion for him for his efforts.

    “The whole thing is, of course, a hoax,” Weibel, 79, told me. “But I can see this could be taken seriously by some people.”

    I can see that too.

    As it happens, my wife received a similar letter recently, and for the last few weeks I’ve been corresponding by email and speaking on the phone with the scammers.

    This led me down the rabbit hole of an impressively elaborate fraud involving multiple characters; bogus medical, court and shipping documents; and repeated assurances that my wife and I were on the verge of enormous wealth.

    The FBI calls these advance-fee schemes, in which victims pay up front for an expected opportunity or financial windfall. Such ploys resulted in almost $58 million in reported losses last year.

    “The variety of advance-fee schemes is limited only by the imagination of the con artists who offer them,” the bureau says.

    Ours began with a snail-mail letter from Brian Cooks at the Co-operative Bank in London, which is a real bank. He identified himself as the former personal funds manager for Matsu Lazarus, who “died some years back with his wife and only son while holidaying in Burma,” a.k.a. Myanmar.

    A recent audit turned up a dormant account containing $25 million, Cooks said, and it appeared my wife was the closest thing Matsu Lazarus had to a next of kin. He was prepared to nominate her as his deceased client’s sole legal heir.

    Overlooking the fact that Lazarus is my wife’s married name, making it impossible for her to be the next of kin of anyone with the surname, this was very exciting news.

    I emailed Cooks, who was using a Gmail account, and told him we were thrilled to hear of our good fortune. What did we need to do?

    This began a near-daily correspondence in which Cooks kept us updated on his efforts. I kept waiting for him to spring the trap and ask for us to send him money, but the request didn’t come.

    Instead we received a copy of Matsu Lazarus’ purported death certificate, as issued by Bawga Theiddhi Hospital in Myanmar. It’s a real hospital but, not surprisingly, couldn’t be reached to confirm the document.

    My favorite part of the certificate is the cause of death: “Injuries from ghastly road traffic accident.” The Myanmarese must be a colorfully descriptive people.

    This was followed by undoubtedly Photoshopped documents from the London Probate Registry and the High Court of England & Wales declaring my wife the official next of kin of Matsu Lazarus.

    Then came some probate materials and a form from the Co-operative Bank confirming that the transaction was being processed.

    Throughout, Cooks said he was spending an extraordinary amount of time and energy on this matter, and I thanked him profusely. He finally said we needed to talk about how my wife and I would take possession of the $25 million. I gave him my work number.

    When he called, I could hear an accent, but not a British one. Many advance-fee scams are known to originate in Nigeria and other West African countries.

    After the usual pleasantries and my repeating how grateful we were for Cooks’ diligence, he explained that the money couldn’t be wired to our bank in the United States because it was, in fact, all in cash — literally, $25 million, all in bills, like on a Costco pallet.

    For tax reasons, he said, it would be best for us to keep things this way and physically move the big pile of currency from England to Los Angeles.

    This wasn’t Cooks’ first rodeo. He said he knew a London-based diplomat from the Caribbean island of Saint Lucia who could bring the money to the United States in a diplomatic pouch. We’re talking three or four boxes of $100 bills, but whatever.

    Five minutes after I got off the phone with Cooks, I received a call from the diplomat, who identified himself as Marvin Smith. His accent wasn’t West Indian. It sounded like Cooks’.

    I asked Smith where Saint Lucia is located and he said it’s in British Samoa, which doesn’t exist, although there’s an American Samoa in the South Pacific.

    Smith said the plan was for him to fly with the cash in a private jet to Atlanta, where Saint Lucia has a chancellery, which it does not.

    I received an email with an “airway bill” from Diplomatic Courier Services HK, which isn’t a real company, showing that the Honorable Marvin Smith was flying from England to Atlanta with unspecified “family treasures.”

    A day later, good news: Smith called to say he was in Atlanta with the money. Now all we needed was to get the boxes out of a bonded warehouse. Smith said he was relying on a local contractor employed by his chancellery to make this happen.

    I soon received a call from the contractor, Joseph Jackson, who had the same accent as the others. I told him how delighted I was with the way things were proceeding.

    “This is what I do for a living,” Jackson replied. “I have done this plenty of times.”

    I had no doubt.

    And now that the hook had been patiently baited for weeks, it was time to reel me in.

    Jackson said he’d need $18,950 to pay the duty fee for the boxes. Compared to the $25 million that was waiting, he stressed, this was a paltry sum.

    I said I understood his point, but $18,950 was a lot of money for me. Would it be possible for me to pay half up front and the other half after I received the cash?

    Jackson thought it over. “You sound like a nice person,” he decided. “I don’t know you but I like you.”

    He said he’d accept $12,000 up front, with the remainder to follow. I said I’d have to think about that.

    When Jackson called the next day, I said my funds were a little tight. How about if I paid $6,000 up front? Jackson said he’d need to speak with his supervisor.

    He called back to say they could make it work for $6,633. I said I could handle that. Jackson told me I’d hear from Smith about making the payment.

    Smith called shortly afterward. He said he was very pleased that everything had worked out. He emailed me information about the bank account where I could wire the money.

    By this time, I was dazzled by the lengths to which these guys had gone to convince me everything was on the up and up. I’d spoken with three different people. I had a stack of official-looking documents. I’d invested a serious amount of time into pulling off the deal.

    Yeah, I could easily see how millions of dollars might be swindled annually from people, particularly those who may not check on pesky details such as the existence of British Samoa.

    When Smith called back a day later to ask why I hadn’t wired the money, I told him let’s stop playing games. I confessed I’d been yanking his chain for weeks, just as he’d been yanking mine, and I asked how often people fell for this scam.

    “I don’t know what you’re talking about,” he replied. “It’s no scam.”

    Of course it’s a scam, I said. I just want to know how often it succeeds.

    There was a long pause. Finally Smith asked, “Are we doing this or not doing this?”

    Not doing this, I answered. The phone went dead.

    An email arrived the next day from Brian Cooks, the banker, inquiring about “the status of the consignment.” I wrote back to say he was welcome to call me; he had the number.

    That was the last I heard from my new friends.

    David Lazarus’ column runs Tuesdays and Fridays. He also can be seen daily on KTLA-TV Channel 5 and followed on Twitter @Davidlaz. Send your tips or feedback to [email protected]

    Sours: https://www.latimes.com/business/lazarus/la-fi-lazarus-next-of-kin-inheritance-scam-20180810-story.html
    Next of Kin (2016)

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