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Assets in an irrevocable trust won’t count against you or a beneficiary for purposes of qualifying for certain government benefits, including Medicare, Medicaid, and Supplemental Security Income. How long do banks take to release money after probate? If you need to close a bank account of someone who has died, and probate is required to do so, then the bank won’t release the money until they have the grant of probate. Once the bank has all the necessary documents, typically, they will release the funds within two weeks.
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