Banco Santa Cruz (Sosua) blocks joint account of common-law widow

J

j&t's future

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Mar 6, 2007
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I'm being informed of a lady in Sosua who's common-law husband died two weeks ago without ANY suspicious cicumstances has had her joint account frozen at Banco Santa Cruz in Sosua.
Information suggests it's been frozen because a will was not in place and a young child is involved. Inheratance is also being mentioned. They are both European.
Does anyone know the legal side of this type of circumstances?
Does having a Will prevent these problems?
Is this normal banking proceedure?
 
M

mido

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May 18, 2002
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I would post this in the legal section to get an answer from a legal expert.
 
bob saunders

bob saunders

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j&t's future said:
I'm being informed of a lady in Sosua who's common-law husband died two weeks ago without ANY suspicious cicumstances has had her joint account frozen at Banco Santa Cruz in Sosua.
Information suggests it's been frozen because a will was not in place and a young child is involved. Inheratance is also being mentioned. They are both European.
Does anyone know the legal side of this type of circumstances?
Does having a Will prevent these problems?
Is this normal banking proceedure?
Click to expand...

It is normal banking procedure in Canada , if there is no will.
 
AlterEgo

AlterEgo

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Jan 9, 2009
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bob saunders said:
It is normal banking procedure in Canada , if there is no will.
Click to expand...

In US too, I believe pending reading/probate of the will. I've always heard the best thing to do is close all joint accounts and empty safe deposit boxes immediately after a death, before obituary is published. Otherwise you may have to wait to access your own funds and items in boxes [some people keep their wills in there!]
 
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