Can the requirement for a Grant of Probate/ Letters of Administration be waived?
To ensure the wishes of the deceased are respected and the rights of his or her heirs and beneficiaries are protected, financial institutions will generally only deal with the Court-appointed Legal Representative of the deceased. Defence Bank is under no obligation to release funds from the deceased’s account without a Grant of Probate or Grant of Letters of Administration being provided by the Legal Representative of the estate.
However, should you wish to request the requirement be waived we will require the request to be submitted in writing to Defence Bank outlining the reasons why this request is being made. Upon receiving the request, in very limited circumstances, and after senior management review, we may be prepared to waive the requirement to provide a Grant of Probate or Grant of Letters of Administration. We will advise of our decision in writing and may impose some conditions on our agreements to waive the requirement.