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Will a new protocol expedite the process of administering a deceased customer's bank accounts?

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Published on: 23 October 2012

Published by a LexisNexis Financial Services expert

Table of contents

Original news
What are the key features of the protocol?
What specific issues does the protocol seek to address?
Is there scope for further reform or guidance in this area?
How will the participation of high street banks affect the effective administration of an estate?
What effect will this protocol have for practitioners and what should they do in light of this protocol?

Article summary

Private Client analysis: An initiative agreed between the British Bankers’ Association, the Law Society and the Society of Trust and Estate Practitioners aims to bring greater clarification and consistency to communications between banks and probate lawyers after the death of a bank customer. Participating banks include Barclays, HSBC, Lloyds, Halifax, Royal Bank of Scotland and NatWest. Matthew Duncan of Kingsley Napley explains the potential impact.

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