This form is a sample letter in Word format covering the subject matter of the title of the form.
Sample Letter To Close Trust Account With Bank Account In Massachusetts
Category:
State:
Multi-State
Control #:
US-0034LTR
Format:
Word;
Rich Text
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FAQ
Depending on the amounts involved, it's possible to close an account without probate (the legal right to deal with someone's estate when they die). Each financial institution has its own limit and so you need to contact them to see what their process is.
Only the trustee can close the trust account. Check the bank's requirements for closing accounts to see what documentation you need to bring with you, usually personal identification and any papers you received when you first set up the trust account.
To Whom It May Concern: Please accept this letter as my written authorization to close the following account(s) at your financial institution. All of my transactions have cleared and I have stopped all currently scheduled debits and credits to my account.
I, Your Name, hold a Savings Account in your bank. Due to some personal circumstances, I am unable to maintain the account and would like to close it. Please find the account passbook enclosed with this letter. I request you to initiate the account closure process at the earliest.