What happens to bank accounts when someone dies?

Answer Death is a messy business, and figuring out what happens to someone's belongings after they pass is never easy. The way their estate is handled counts on a number of things.Execution of WillIf the... Read More »

Top Q&A For: What happens to bank accounts when someone dies

What Happens to Checking Accounts When a Bank Goes Bankrupt?

When a bank goes bankrupt, it can no longer pay back its checking account depositors. Before 1934, when Federal Deposit Insurance Corp. insurance began, depositors risked losing all of their money ... Read More »

What happens to a copyright when someone dies?

Copyright law protects original works ranging from literature to art to music. A copyright owner is granted several rights regarding his protected works. Those rights are not immediately cut off wh... Read More »

What happens to dormant bank accounts?

Under banking regulations, the money in your personal bank account may escheat (revert) to the state. After a certain period of inactivity, the bank closes such accounts and transfers those unclaim... Read More »

What happens to bank accounts without a will?

Courts disperse your bank account if you do not have a will. They determine which relatives can inherit your account according to succession rules. That may be your spouse, children or other relat... Read More »