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#2217091 - 07/05/19 08:12 PM Texas Comptroller Freeze
VMack Offline
Platinum Poster
Joined: Jun 2001
Posts: 846
Texas
The bank has a hold on two accounts because the owner is deceased. Today we received a notice freeze from the Texas Comptroller. How do we handle the freeze? We can not find any guidance on this issue and if anyone can point me in the right direction, I would appreciate it.
Thank you.
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VMACK
CRCM

“The wise know their limitations; the foolish do not.”
Benjamin Hoff, The Tao of Pooh

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#2217107 - 07/07/19 09:17 AM Re: Texas Comptroller Freeze VMack
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
The bank has a hold on two accounts because the owner is deceased.

And what does this mean? You have been notified of the death but the estate has not yet been created?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2217115 - 07/08/19 01:38 PM Re: Texas Comptroller Freeze VMack
VMack Offline
Platinum Poster
Joined: Jun 2001
Posts: 846
Texas
Yes, that is correct. We were notified earlier in the year, but no one has come in to take care of the accounts.
_________________________
VMACK
CRCM

“The wise know their limitations; the foolish do not.”
Benjamin Hoff, The Tao of Pooh

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#2217120 - 07/08/19 02:18 PM Re: Texas Comptroller Freeze VMack
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
I would call the Comptroller and explain the situation, but would freeze the funds and let the executor, if one shows up, hash it out with the State.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2217122 - 07/08/19 02:21 PM Re: Texas Comptroller Freeze VMack
VMack Offline
Platinum Poster
Joined: Jun 2001
Posts: 846
Texas
Thank you rlcarey. I appreciate you.
_________________________
VMACK
CRCM

“The wise know their limitations; the foolish do not.”
Benjamin Hoff, The Tao of Pooh

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