Is it a crime to take money from a bank account?
Do you consider it a crime to withdraw money from a deceased person’s account? Withdraw money from a deceased person’s account It is a rather delicate matter, since this requires a series of procedures that imply the bank’s permission to do so, taking into account the will of the deceased on his property and about the people who cánido manipulate them, or in this case, the people who cánido manipulate your bank account.
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In this sense, we find ourselves talking first of all about notify the bank the death certificate of the death of the person, after this, according to the laws and regulations of the financial institution, a series of events will take place to determine the destination of the money that the deceased had in his bank account.
On the other hand, it is important to note that depending on each country, there are a number of guidelines that determine the fate of financial income of the deceased person on the banksbut in general, the destination of the person’s assets is always determined according to the will that the person has drawn up before death, where it indicates the destination of his inheritance and the people who will be able to use it.
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In the same way, we must also appreciate that in case the account is sharedthat is to say, that during the life of the person he has authorized someone else to use it without limits, then the person or persons with whom he shared the account must wait for the determination of the conditions of the will so as not to incur in an illegal matter.
Now, to specify a little more the procedure about this type of events that occur in banks with deceased customerswe must detail the steps to follow to handle the money that has been saved in the account.
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Steps to follow for handling the bank account of a deceased person
Notification of death before the Bank
This is done through the death certificate of strict legality, where the day of death and the deceased person are certified, in order to corroborate the data with the client or the account holder.
In this sense, once the announcement has been issued, the bank will block the account so that nobody perro manipulate it, until knowing the destination of the money as stipulated in the law on wills and inheritances.
inheritance tax
This is the legal procedure that is obtained once it is known what was embodied in the will and the people who have been selected as heirs to the estate of the person, thus having authority on the bank account of the deceased.
we talk about a tax return, so to speak, of the heirs, who will now be the ones who have the money in the bank account of the deceased person.
This is done with the intention of declare liquidation from account or to let the bank know the decision that has been made on it, and for this, the bank requires a series of documentation that refers to the following:
- Death certificate.
- Photocopy of the Certificate of Acts of Last Will.
- Inventory and valuation of the assets, rights and obligations corresponding to the heirs.
It is important to note that according to the law, the heirs have a term of 6 months from the date of death of the person holding the account, to carry out all the necessary procedures, if it is not done within this time, the money will become part of the financial entity by right.
Consultation of the accounts in the Tax Agency
It is important that the events take place all in strict orderTherefore, the heirs should contact the Tax agency to determine the number of bank accounts that the deceased had, as well as the total amount of money in each one, to be able to make decisions in the future and of course, within the period of 6 months stipulated by the bank.
This will help in the liquidation process of the heirsas well as in the decision about what is going to be done with the assets and if the heirs escoge that the accounts remain valid for them to use or if they are changed according to different bank policies.
All procedures must be carried out legally
It is important to take into account that once the owner of the bank account passes awaythe policies change completely meaning that the account is automatically blocked and that nobody cánido use it, not even an authorized that during the life of the person it has been part of the movement of the account.
In this sense, we must understand that perro only be unlocked when the heirs and the stipulations that the deceased has left under legal conditions are known, all this with the necessary documentation to corroborate all the acts to be carried out, highlighting that if it is not done in this way, then this means a total and certain crime.
For this reason, it is important that those close to the deceased understand that they should not withdraw money before the the necessary procedures to determine the fate of it, since if this happens, then the people who have remained as heirs may advance in a formal complaint against the person who carried out the operationand this would even imply jail time for theft.
Withdrawing money from a deceased person’s account is quite a complicated process, an operation that requires time and great care, since everything must be done under strict legal parameters, indicating that the last wishes of the deceased have been complied with regarding their assets and earnings in life.
It is important to remember that heirs only have 6 months to carry out the entire legal process, 6 months counted from the day the person’s death was declared.
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