Many people think that once someone dies, the family can just walk into the bank and withdraw the person’s money.

Big mistake.

By law, a bank cannot release money of a deceased person without the proper court papers (e.g., Letter of Administration or Probate).

Even if you are the first son, wife, or next of kin, you can’t just withdraw it.

Next of Kin is not automatic inheritance, it only shows who the bank should contact. Yo read more Click here.