Bill > HB167

This bill updates a provision in Pennsylvania law regarding how financial institutions can release funds after a person's death. Specifically, the bill increases the maximum amount that can be immediately paid out from a deceased person's bank or credit union account from $10,000 to $20,000 without requiring formal probate proceedings. The payment can be made to the deceased's spouse, child, parent, or sibling (in that order of priority), provided they present either a receipted funeral bill or an affidavit from a licensed funeral director confirming funeral payment arrangements. The financial institution is legally protected from liability when making such a payment, though the recipient remains responsible for ensuring proper distribution of the funds. This change aims to make it easier and faster for families to access a modest amount of funds to cover funeral expenses and immediate financial needs after a loved one's death, reducing bureaucratic hurdles during a difficult time.