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Instructions and help about account closure template

Music in Ontario when a person passes away with a personal bank account it is the executor --zz job to notify the financial institution and provide them with an original notarized copy of the death certificate notarized copy of the will to confirm executor status and two forms of ID to confirm their own identity at this time any outstanding bills or invoices that need to be urgently addressed can be provided to the bank for immediate payout once a financial institution is notified of an account holders passing and provided with the required documents it will protect the deceased Sustaita by limiting access to the funds held within the account some banks will establish an estate account which will be used for ongoing estate administration activity such as paying expenses legal fees and probate tax once the account holders estate has been finalized the account will be closed it is important to note that if an account holder passes away without a legal will and thus no estate trustee has

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