You're not gonna put that in the bank. Your household will fight for a fall for years!

Most Poles are convinced that the written will full secures the financial future of their loved ones. It's a dangerous story that can drive a household into months or even years of financial paralysis. There is 1 key paper that almost all bank account holder forgets. Talk about provision for death, frequently called a "digital will". Its deficiency makes the funds collected on the account frozen after the death of the account holder, and access to them becomes a bureaucratic nightmare. Even the closest family, including their spouse, will not be able to pay out any gold to cover ceremony expenses or current bills. knowing this mechanics is crucial to saving close to large stress at a hard time anyway.

What is simply a "digital will" and why is it so important?

The alleged "digital will" is simply a common name for a formal legal instrument known as ‘disposal of contribution to death’. Its functioning is governed straight by Article 56 of the Bank Law. It is simply a simple message in its form that we make in our bank, indicating circumstantial persons entitled to retreat funds from our account (or accounts) after our death. Most importantly, this payment takes place except for succession proceedings. This means that the designated individual does not gotta wait months of ongoing judicial formalities to access the money.

However, the key regulation should be kept in mind. The amount paid on the basis of this facility may not be higher than 20 times the average monthly salary in the enterprise sector, without payment of prizes from the profit announced by the president of the Central Statistical Office for the last period before the death of the account holder. In practice, for the year 2025, this is the amount of the order over PLN 150 000. This is immense financial support that can cover the most urgent expenses, specified as ceremony arrangements, repayment of liabilities or providing financial liquidity to the household before the court formally confirms the right to inheritance.

Family drama after the death of a loved one. How to avoid freezing an account?

Imagine a tragic but unfortunately common situation. The main supplier of the family, whose account includes savings and resources for everyday life, dies. If he has not made available in the event of death, the bank shall be required to inform the Commission of the death. immediately blocking the account. From that minute on, no one, not even a spouse or a child, has the right to have that money. The laborious and costly legal way begins.

To access funds, heirs must first get in court finding the acquisition of the inheritance or notary an inheritance certificate. The trial can take respective months to respective years, especially if there are any disputes in the family. Throughout this time, money is frozen in the account, and the household must cope without it, frequently taking loans to cover basic needs. Dying disposition is simply a simple tool to bypass this bureaucratic device and supply the loved ones immediate access to cash At the hardest moment.

Delegation and power of lawyer – key differences you request to know

Many people mistakenly presume that giving individual power of lawyer to a bank account solves the problem. This is simply a fundamental mistake that can have disastrous consequences. According to Polish law, almost all standard proxy for a bank account automatically expires at the time of the death of the powerholderThat's the account owner. This means that a individual who was able to operate freely on our account erstwhile we died loses all rights to do so.

An effort to retreat money from a deceased person's account on the basis of a power of lawyer that has already expired is an unlawful act and may lead to serious legal consequences. The only instrument that acts "posthumously" and guarantees fast access to funds is precisely death disposition. These are 2 completely different legal tools that service another purposes: power of lawyer works in life, and disposition – only after death. Having 1 doesn't replace the other.

How do you make a step-by-step deposit in case you die in your bank?

The placement is simply a amazingly simple and fast procedure and can save close months of stress. Most banks in Poland offer this possibility, and the full process usually does not take more than 15 minutes. Here's what you request to do:

• Visit your bank branch: In most cases, the disposal should be made in individual at the facility. It is worth checking in advance that our bank does not let this process online.
• Take your ID: The bank needs to verify your identity.
• Prepare the details of the recipient: You will request the exact details of the person(s) you want to indicate. Name, address, PESEL number and degree of kinship (e.g. spouse, child, parent).
• Fill in and sign the form: A bank worker will supply you with an appropriate document. erstwhile it is filled and signed, the disposition becomes active. It is usually a free service or a symbolic fee.

Remember that you can make the call at any time change or cancel, making a fresh message to the bank. It is worth verifying it regularly, especially after crucial changes in life, specified as marriage, divorce, or the birth of a child.

To sum up, spending a twelve minutes in a bank and making available in case of death is 1 of the most crucial financial decisions we can make for the sake of our family. It's a simple act of caution that can prove invaluable in the future, protecting our loved ones from financial chaos and giving them peace in the most hard moments. Don't put it off later – safe their future today.