At your difficult time, it's important to know that the firm you are choosing represents the highest of standards and professionalism. By the very nature of their association with ODFSA, they have shown their deep compassion towards attaining the highest standards for their families and communities. Their constant dedication to keeping themselves up to date on all of the latest legislative, consumer protection, advanced learning and caring practices is why you can choose an ODFSA Member firm with confidence.
The strength in membership comes in the form of strength in numbers. ODFSA represents a coalition of professional family owned funeral homes who believe that a solid future for funeral service is based on the collective insight and dedication from caring professionals. This unified voice helps to shape and provide the professional standards that families and communities count on in their time of need.
Bank & Safety Deposit Boxes
Because banks are subject to both state and federal regulations, procedures can vary greatly from bank to bank and state to state. Some states have been known to automatically freeze joint bank accounts when one of the joint owners dies. To avoid problems, contact your bank directly, to determine the amount of money accessible and learn the procedures for releasing these funds, and to establish a new account for funds received after the death.At least one joint checking or savings account should be left open for at least six months. This will allow you to deposit any checks that you are entitled to but are in the deceased's name. For instance, "Insurance Reimbursement Check". This check would be endorsed on the back as follows: "Deposit Only" with the deceased's name PRINTED underneath, followed by the bank account number.
If after six months you want to take the deceased's name off the account, the bank will want to have a Certified Copy of the Death Certificate.A Certified Copy will also be necessary for any accounts that are left "In Trust For" someone. (I.T.F.). Your bank can advise you regarding IRA's or CD's (Certificates of Deposit). Both will need a Certified Copy of the Death Certificate before they are released.
If the safety deposit box is in the sole ownership of the deceased. Banks will require a Certified Copy of the Death Certificate and Letters of Administration to gain access to the contents. On co-owned safety deposit boxes, the rules vary from state to state. Call your attorney or bank for their requirements.