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How to Claim a Deceased Loved One’s Bank Account in Missouri
Navigating the process of claiming a deceased loved one’s bank account in Missouri can be overwhelming. In this comprehensive guide, we explore the main methods available for accessing these assets, including joint ownership, Transfer on Death (TOD) beneficiary designations, and the probate process. Learn how to simplify the claiming process with tools like the small estate affidavit for accounts worth under $40,000, and understand when full probate may be necessary. Prepare yourself with the right steps, essential documentation, and insights on avoiding common pitfalls to ensure a smoother transition during this challenging time.