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In accordance with paragraph 5 of Article 188 of the Civil Code of the Russian Federation , the power of attorney to manage accounts or deposits ceases to be effective upon the death of the principal. From that moment on, the attorney-in-fact cannot perform financial transactions with the deceased's savings.
Is it possible to get money from an account for a funeral?
According to Article 1174 of the Civil Code of the Russian Federation, the heir may receive funds to pay for the costs of a decent funeral. To do this, you must contact a notary who will issue a decree on reimbursement of expenses. If the depositor left a testamentary disposition, there is no need to contact a notary; you can simply come to the bank with your el salvador mobile database passport and a copy of the disposition.
It is worth keeping in mind that the payment cannot exceed 100 thousand rubles.
You can apply to the bank for funeral funds any day before six months have passed since the depositor's death. After that, the right to compensation for funeral expenses is lost.
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What happens to a deceased person's bank deposits
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In the event of the depositor's death, the accrual of interest on the deposit does not cease, the bank continues to fulfill its obligations. Deposits that have not been closed are extended in accordance with the agreement, and if an extension is not provided, the money from the deposits is redirected to the demand account.
After receiving the certificate of inheritance, the heir can close the deposit early or wait until its term expires and receive all funds, including accrued interest.
How and when can you inherit the accounts and deposits of a deceased relative
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The heir can receive funds from the deceased's accounts only after accepting the inheritance, i.e. after six months from the date of death. To receive money, you need to contact the bank with your passport and a document confirming the right to receive inherited funds (notarized certificate or testamentary disposition), and write an application for the issuance of funds. As a rule, the bank needs 1-3 business days to check the application.