Mother died at age 96, Nov. 24th. The bank informed me today that her November soc. sec. check had to be returned, so they took it out of my bank account.
LOL. Mother is not on that account. I closed her account. The balance was "payable on death" to me and I opened a new account. The law is what it is, but I just thought that others should know this.
~~~ If the deceased was receiving Social Security benefits, you must return the benefit received for the month of death or any later months. For example, if the person dies in July, you must return the benefit paid in August. If received by direct deposit, contact the bank or other financial institution and ask them to return any funds received for the month of death or later. If paid by check, do not cash any checks received for the month the person dies or later. Return the checks to Social Security as soon as possible. However, eligible family members may be able to receive death benefits for the month the beneficiary died.
I'm in probate phase. And it's really been nice to have all estate costs getting paid from 1 account to pay & track administration costs. Also as you still have the back history available online, you can check to see payments made years before just in case someone files a claim or sends a invoice on a long ago paid bill.