my husband passed away with no will, leaving myself (wife), and 2 boys (8 and 10 yrs of age). his only assets were two bank cds totaling approx $8500 together but only his name is on them. what do i need to do to so they can be released to me?
3 Answers from Attorneys
You need to file probate to clear the money in those accounts. Seek legal advice
A summary probate for a small estate is available.
Contact the bank to determine whether your husband provided a POD, Payable on Death,
which can be used to designate beneficiaries, avoiding probate. If no POD, then small
estate probate will be your option.