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Bank Accounts and Financial Institutions

What if their account is overdrawn?

Short answer

The estate is responsible for the overdraft, not you personally. Notify the bank of the death. Do not deposit personal funds to cover the overdraft unless you are legally the estate representative. The bank will file the overdraft as a claim against…

What this usually means

The estate is responsible for the overdraft, not you personally. Notify the bank of the death. Do not deposit personal funds to cover the overdraft unless you are legally the estate representative. The bank will file the overdraft as a claim against the estate.

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