Can funds be released for funeral expenses and approved debt?
Once we’ve placed a hold on the deceased’s account(s) you’ll only be able to make withdrawals for funeral expenses (including headstones) and approved debts. These may include:
- hospital or medical expenses accrued up to 6 months prior to the deceased’s passing
- outstanding debts owed to Federal, State, Local Government, Semi-Government or Public Utilities (e.g. telephone and electricity) accrued before the deceased’s passing.
- rates and insurance premiums in the deceased’s name (e.g. Home, Contents or Vehicle Insurance).
- partially paid shares
- any fees for Probate costs when presented as an itemised invoice on a company letterhead. Unfortunately, we can’t pay for any legal fees incurred during this process.