Q. What will happen to the money in a personal savings bank account if the account holder pass away without making any will? Can the account holder's children withdraw the money?
A: If a person passes away without a will, funds in his/her personal account(s) with a bank can only be withdrawn after the Court has granted a Letter of Administration. On a case-by-case basis, a bank may consider releasing funds from an account with a small balance to the next-of-kin, without the need for a Letter of Administration. Please check with the relevant bank(s) for further information and its requirements.
Who can withdraw the money? [via]
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