[2016] KEHC 7598 (KLR)

[2016] KEHC 7598 (KLR)

The court held that the funds in the joint trustee account at Barclays Bank, held in the names of the two deceased persons, cannot be released to the estate of Gerald Muturi Maina unless confirmed grants for both estates are provided. The bank's fiduciary duty extends to both estates, and it is legally justified in...

Source-derived case information.

Citation
[2016] KEHC 7598 (KLR)
Parties
Applicant: Eunice Muturi; Applicant: Washington Muchiri Muturi; Respondent: Barclays Bank of Kenya
Court
High Court
Court Station
High Court at Nairobi (Milimani Law Courts)
Jurisdiction
Kenya
Case Number
Succession Cause 949 of 2011
Procedural Posture
Succession Cause / Ruling on Application for Release of Funds From Joint Account
Outcome
application dismissed
Judges
LA Achode
Legal Topics
Administration of Estates, Confirmation of Grant, Joint Accounts, Fiduciary Duties of Banks
Source Language
en
Family and Children Banking and Finance Administration of Estates Confirmation of Grant Joint Accounts Fiduciary Duties of Banks

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Parties

Eunice Muturi

Applicant

Washington Muchiri Muturi

Applicant

Barclays Bank of Kenya

Respondent

Procedural Posture

Succession Cause / Ruling on Application for Release of Funds From Joint Account

  1. 1 Whether the respondent bank can release funds held in a joint account in the names of two deceased persons to the estate of one deceased before confirmation of grant in both estates.
  2. 2 Whether the requirement for confirmation of grant under section 55(1) of the Law of Succession Act applies to the release of funds from a joint account where both account holders are deceased.

Ratio Decidendi

The court held that the funds in the joint trustee account at Barclays Bank, held in the names of the two deceased persons, cannot be released to the estate of Gerald Muturi Maina unless confirmed grants for both estates are provided. The bank's fiduciary duty extends to both estates, and it is legally justified in requiring confirmation of grant from both before releasing the funds. The court emphasized that a letter from the administrators of Daniel Muiruri Ng’ang’a's estate cannot substitute for a confirmed grant, as only a court order can authorize distribution. The statutory requirements under section 55(1) of the Law of Succession Act are clear and must be complied with before any...

Court Disposition

application dismissed

Orders

  • The application dated 16th September 2015 is dismissed.
  • No funds to be released from the joint account at Barclays Bank until confirmed grants for both estates are provided.