Tag Archives: bank accounts after death
What Happens to Bank Account Funds After You Die?
No matter how well you plan for the future, it is a near certainty that there will be money left in your bank account(s) after you pass away. What happens to those funds? This primarily depends on the type of account you had and how it was owned. Solely owned account If you were the […]
What Happens to Your Bank Accounts When You Pass Away?
The way you pass on the assets in your bank accounts depends mostly on how these accounts were owned. This is important information to understand as you plan for the future of your estate. Individual accounts Accounts you owned by yourself may or may not have a pay on death (POD) beneficiary. If your account […]