Should I close the accounts of the deceased?

It is common that payments will need to be made to the deceased’s accounts in the months following their passing. Examples of these payments are Superannuation benefits, shares, tax refunds, lost super cheques in the ‘estate of deceased person’s name, and so on. Re-opening a closed account in the name of the deceased can be a complex, lengthy and time consuming process. Keeping accounts open ensures that funds can be easily accepted into the estate.

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