How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JGM Your Own Question
JGM
JGM, Solicitor
Category: Law
Satisfied Customers: 11155
Experience:  30 years as a practising solicitor.
31090051
Type Your Law Question Here...
JGM is online now

Having had Power of Attorney for my wifes late uncle, still

Resolved Question:

Having had Power of Attorney for my wife's late uncle, still having Power of Attorney for his widow, I discovered an old bank book in the uncles name.

The books last entry was in December 2005 over eight years ago.

How long are the bank's required to keep records of deceased's accounts before being destroyed ?
Submitted: 3 years ago.
Category: Law
Expert:  JGM replied 3 years ago.
Thank you for your question.

Banks must keep records on current and savings accounts for at least five years after last activity. These record-retention requirements apply to personal bank accounts and business accounts. If the bank is purchased by another bank, the records must be kept by the new institution for that time.

Happy to discuss further.

Please leave a positive response so that I am credited for my time.
JGM and other Law Specialists are ready to help you