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It becomes a part of your estate and is used to pay off any debts. If there is any money left, it will go to your heirs.
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∙ 16y ago
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Can ex get my money if we have the same bank account when i die?
If you have the same bank account, then your ex can get your money now before you die.
What happens to your savings account if you die?
The aliens eat your family
What happens to your money when you have no kids or wife and you die?
You must have a will to distribute your money to whomever you chose, if you do not have one this means that you die intestate and your money will go to the government.
What happens to email when you die?
If not active for several weeks, months or years, the account will be deleted.
If a bank customer has an individual account and they die and their will states that funds pass to a trust can the executor close the account?
Yes, they can close the account. The money will then be placed as directed by the will.
What happens to your money when you die in the UK?
If you die without having any relatives, and have not left a will - your estate goes to the treasury.
What happens when a Webkinz pet dies Do you get a grave or something?
a webkinz pet does not die,your account will, end but that means you only need to get another one and put it on the account
What happens to money in bank when you die?
If it is your sole account you should always name a beneficiary. The bank will assist you if you visit any branch. If no beneficiary was named the funds in the account become part of the owner's estate upon death. If the account is a joint account with the right of survivorship the full ownership will pass automatically to the surviving joint owner (who should then name a beneficiary through the bank).
What happens to somebody's Answers account after they die?
Assuming no-one else closes the account - it simply lies dormant. All contributions made by the person remain in the archives.
What happens if parents die and owe money to the government but the estate has no money?
The government is not going to get their money. They will have to be satisfied that there are no assets in the estate and that no one else got paid.
What happens when you die owing money for credit cards and utilities?
The debt is given to your closest relatives
What happens to my credit card debt after I die if I have a power of attorney?
If you have money or property - the bills will be paid. If you don't have any money the bills won't be paid.
